Plan Snapshot
- Plan Sponsor: Laurel Lake Retirement Community, INC.
- Sponsor EIN: 341481142
- Sponsor Address: 200 LAUREL LAKE DRIVE, HUDSON, OH, 44236
- Plan Type: 403(b)
- Total Participants: 216
- Total Assets: $4.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 216 | $4.5M | $116,563 | $302,325 |
| 2023 | 207 | $4.7M | $131,482 | $240,452 |
| 2022 | 199 | $4.1M | $93,702 | $212,028 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $33,886 | — | $33,886 |
| NFP RETIREMENT, INC. | Investment Advisor | $16,750 | — | $16,750 |
| LAUREL LAKE RETIREMENT COMMUNITY IN | Other Service Provider | $16,480 | — | $16,480 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,116
- Estimated Expense Ratio: 1.494% 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 | $49,177 | $16,480 | — | — | — |
| 2023 | $51,648 | $11,374 | — | — | — |
| 2022 | $42,068 | — | $42,068 | — | — |