Plan Snapshot
- Plan Sponsor: Landrum Professional Employer Services, INC.
- Sponsor EIN: 592345956
- Sponsor Address: 219 E. GARDEN STREET, SUITE 500, PENSACOLA, FL, 32502
- Plan Type: 401(k)
- Total Participants: 4,779
- Total Assets: $134.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 4,779 | $134.1M | $6.0M | $12.0M |
| 2023 | 4,701 | $111.7M | $5.2M | $10.5M |
| 2022 | 3,386 | $96.9M | $4.4M | $9.3M |
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 |
|---|---|---|---|---|
| CARR RIGGS & INGRAM | Auditor | $11,500 | — | $11,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,500
- Estimated Expense Ratio: 0.009% 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 | $776,628 | $279,173 | $485,955 | $11,500 | — |
| 2023 | $616,745 | — | $377,343 | — | — |
| 2022 | $539,626 | $190,408 | $330,218 | — | $19,000 |