Plan Snapshot
- Plan Sponsor: Lac Acquisition, LLC
- Sponsor EIN: 832007393
- Sponsor Address: 1827 E IRELAND ROAD, SOUTH BEND, IN, 46614
- Plan Type: 401(k)
- Total Participants: 1,697
- Total Assets: $18.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,697 | $18.2M | $27,320 | $1.4M |
| 2023 | 699 | $15.2M | $5,293 | $743,716 |
| 2022 | 479 | $14.8M | $0 | $663,959 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CREATIVE PLANNING, LLC | RETAINED BY CLIENT | $63,586 | — | $63,586 |
| JOHN HANCOCK RETIREMENT PLAN SRVCS | RETAINED BY CLIENT | $28,274 | — | $28,274 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING, LLC — RETAINED BY CLIENT
- JOHN HANCOCK RETIREMENT PLAN SRVCS — RETAINED BY CLIENT
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,860
- Estimated Expense Ratio: 0.504% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $91,860 | $63,586 | $28,274 | — | — |
| 2023 | $134,242 | — | $134,242 | — | — |
| 2022 | $125,021 | $96,653 | $28,368 | — | — |