# Laser Assets, INC. 401(k) Plan
Source: https://planprovider.pro/companies/laser-assets-inc-401k-plan

> Laser Assets, INC.'s 401(k) plan: 151 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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