Plan Snapshot
- Plan Sponsor: Leaseaccelerator, INC.
- Sponsor EIN: 474009298
- Sponsor Address: 8529 SIX FORKS ROAD, RALEIGH, NC, 27615
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 86
- Total Assets: $7.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 86 | $7.7M | $274,889 | $897,296 |
| 2022 | 89 | $6.4M | $285,392 | $910,667 |
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 |
|---|---|---|---|---|
| MML INVESTOR SERVICES LLC | Investment Advisor | $15,000 | — | $15,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $11,010 | — | $11,010 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,010
- Estimated Expense Ratio: 0.338% 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 |
|---|---|---|---|---|---|
| 2023 | $28,861 | $15,766 | — | — | — |
| 2022 | $28,249 | $327 | — | — | — |