Plan Snapshot
- Plan Sponsor: Lift Off Distribution, LLC
- Sponsor EIN: 522249114
- Sponsor Address: 7077 OAKLAND MILLS RD, COLUMBIA, MD, 21046
- Plan Type: 401(k)
- Total Participants: 188
- Total Assets: $7.8M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 188 | $7.8M | $434,674 | $483,903 |
| 2023 | 164 | $7.2M | $420,677 | $504,564 |
| 2022 | 152 | $5.5M | $378,824 | $480,986 |
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 |
|---|---|---|---|---|
| GROSS MENDELSOHN & ASSOCIATES, P.A. | Auditor | — | — | $0 |
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 | $41,887 | $14,794 | — | — | — |
| 2023 | $40,704 | $14,521 | — | — | — |
| 2022 | $37,372 | $13,566 | $23,806 | — | — |