Plan Snapshot
- Plan Sponsor: Leisure World Of Maryland Corporation
- Sponsor EIN: 521103492
- Sponsor Address: 3701 ROSSMOOR BOULEVARD, SILVER SPRING, MD, 20906
- Plan Type: 401(k)
- Total Participants: 204
- Total Assets: $14.9M
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 | 204 | $14.9M | $399,808 | $629,927 |
| 2023 | 186 | $14.9M | $289,441 | $596,394 |
| 2022 | 152 | $14.7M | $286,886 | $623,315 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $28,673 | — | $28,673 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $28,098 | — | $28,098 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,771
- Estimated Expense Ratio: 0.382% 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 | $53,100 | $33,612 | — | — | — |
| 2023 | $55,781 | $32,538 | — | — | — |
| 2022 | $59,865 | $35,820 | $24,045 | — | — |