Plan Snapshot
- Plan Sponsor: Life Cycle Engineering, INC.
- Sponsor EIN: 570649372
- Sponsor Address: 4360 CORPORATE ROAD, NORTH CHARLESTON, SC, 29405
- Plan Type: DC
- Total Participants: 344
- Total Assets: $25.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 344 | $25.1M | $2.5M | $0 |
| 2023 | 335 | $13.9M | $1.0M | $0 |
| 2022 | 326 | $12.5M | $1.6M | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL | RECORDKEEPER/BOOKKEEPER | $6,663 | — | $6,663 |
| JONES, POUNDER & ASSOCIATES, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,663
- Estimated Expense Ratio: 0.027% 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 | $6,724 | — | — | — | — |
| 2023 | $7,900 | — | — | — | — |
| 2022 | $15 | — | — | — | — |