Plan Snapshot
- Plan Sponsor: Lift Community Action Agency, INC.
- Sponsor EIN: 730772321
- Sponsor Address: 209 NORTH 4TH, HUGO, OK, 74743
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 245
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 245 | $11.3M | $668,195 | $416,088 |
| 2023 | 227 | $12.0M | $623,659 | $384,310 |
| 2022 | 215 | $11.8M | $592,527 | $364,113 |
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 |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES, INC. | Investment Advisor | $30,000 | — | $30,000 |
| EMPOWER ANNUITY INSURANCE CO. | Recordkeeper | $23,258 | — | $23,258 |
| EMPLOYEE BENEFITS GROUP, LLC | Recordkeeper | $8,853 | — | $8,853 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $6,361 | — | $6,361 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER BENEFIT SERVICES, INC. — Investment Advisor
- EMPLOYEE BENEFITS GROUP, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,472
- Estimated Expense Ratio: 0.607% 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 | $55,488 | $30,000 | $8,853 | — | — |
| 2023 | $55,527 | $30,000 | $5,390 | — | — |
| 2022 | $53,071 | — | — | — | $53,071 |