# Lake Norman Security Patrol In 401(k) Plan
Source: https://planprovider.pro/companies/lake-norman-security-patrol-in-401k-plan

> Lake Norman Security Patrol In's 401(k) plan: 215 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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