# Lake Area Discovery Center 401(k) Plan
Source: https://planprovider.pro/companies/lake-area-discovery-center-401k-plan

> Lake Area Discovery Center's 401(k) plan: 237 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lake Area Discovery Center

- **Sponsor EIN:** 411937239

- **Sponsor Address:** 3770 BELLAIRE AVENUE, WHITE BEAR LAKE, MN, 55110

- **Plan Type:** 401(k)

- **Total Participants:** 237

- **Total Assets:** $1.2M

## 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|237|$1.2M|$0|$298,865|

| 2023|173|$906,906|$0|$268,669|

| 2022|160|$581,466|$0|$230,076|

## 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|

| SCHECHTER DOKKEN KANTER|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$24,903|$5,325|—|—|—|

| 2023|$17,563|$4,093|—|—|—|

| 2022|$23,176|—|—|—|—|

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