Plan Snapshot
- Plan Sponsor: Laguna Tools, INC.
- Sponsor EIN: 931083116
- Sponsor Address: 744 REFUGE WAY, SUITE 200, GRAND PRAIRIE, TX, 75050
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $5.1M
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 | 120 | $5.1M | $289,221 | $506,456 |
| 2023 | 144 | $3.9M | $281,106 | $464,944 |
| 2022 | 142 | $2.9M | $258,636 | $414,695 |
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 |
|---|---|---|---|---|
| FISHER ASSET MANAGEMENT LLC | INVESTMENT/FINANCIAL ADVI | $36,587 | — | $36,587 |
| ADP, INC. | RECORD KEEPER | $23,901 | — | $23,901 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FISHER ASSET MANAGEMENT LLC — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,488
- Estimated Expense Ratio: 1.197% 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 | $60,489 | $35,588 | — | — | — |
| 2023 | $49,405 | $26,859 | — | — | — |
| 2022 | $36,768 | — | — | — | — |