Plan Snapshot
- Plan Sponsor: Laser Assets, INC.
- Sponsor EIN: 462110006
- Sponsor Address: 122 DEFENSE HIGHWAY, SUITE 102, ANNAPOLIS, MD, 21401
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 151 | $11.6M | $391,215 | $807,179 |
| 2023 | 143 | $9.2M | $336,521 | $731,273 |
| 2022 | 129 | $7.5M | $306,504 | $659,114 |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS, LLC | INVESTMENT ADVISOR | $34,418 | — | $34,418 |
| EAGLESTONE RETIREMENT SERVICES | CONTRACT ADMIN | $8,050 | — | $8,050 |
| B D & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,468
- Estimated Expense Ratio: 0.366% 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 | $975 | — | — | — | — |
| 2023 | $5,165 | — | $4,815 | — | — |
| 2022 | $800 | — | — | — | $800 |