Plan Snapshot
- Plan Sponsor: Lago Mar Properties, INC.
- Sponsor EIN: 591156165
- Sponsor Address: 1700 SOUTH OCEAN LANE, FORT LAUDERDALE, FL, 33316
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $6.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 123 | $6.8M | $149,913 | $533,924 |
| 2023 | 110 | $6.2M | $130,626 | $475,617 |
| 2022 | 102 | $5.7M | $127,959 | $456,182 |
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 |
|---|---|---|---|---|
| WEINSTEIN ZUGMAN LLC | Auditor | $19,092 | — | $19,092 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,092
- Estimated Expense Ratio: 0.280% 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 | $23,436 | — | — | $19,092 | — |
| 2023 | $40,570 | $35,307 | — | — | — |
| 2022 | $38,619 | — | — | — | — |