Plan Snapshot
- Plan Sponsor: Lc Services 1, LLC Dba Oakpoint
- Sponsor EIN: 833239171
- Sponsor Address: 34300 WOODWARD AVENUE SUITE 200, BIRMINGHAM, MI, 48009
- Plan Type: 401(k)
- Total Participants: 642
- Total Assets: $18.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 642 | $18.6M | $1.3M | $2.2M |
| 2023 | 613 | $14.1M | $1.1M | $1.8M |
| 2022 | 418 | $7.4M | $529,107 | $1.0M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN, LLP — Auditor
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 | $85,145 | $3,286 | — | — | — |
| 2023 | $55,966 | $2,188 | — | — | — |
| 2022 | $32,937 | $1,366 | — | — | — |