Plan Snapshot
- Plan Sponsor: Lake Norman Security Patrol In
- Sponsor EIN: 560898176
- Sponsor Address: PO BOX 5459, STATESVILLE, NC, 286875459
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $3.7M
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 | 215 | $3.7M | $254,499 | $462,415 |
| 2023 | 185 | $2.8M | $205,928 | $373,309 |
| 2022 | 172 | $2.1M | $191,794 | $331,485 |
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 |
|---|---|---|---|---|
| GANTT MAIZI & ASSOCIATES, CPA'S PA | 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 | $30,717 | $14,543 | $15,314 | — | — |
| 2023 | $25,139 | $11,776 | $12,503 | — | — |
| 2022 | $21,352 | $10,524 | $10,828 | — | — |