Plan Snapshot
- Plan Sponsor: Lockwood Hills Federal, LLC
- Sponsor EIN: 611753897
- Sponsor Address: 2553 DULLES VIEW DR. STE. 700, HERNDON, VA, 20171
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 534
- Total Assets: $1.1M
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 | 534 | $1.1M | $3.0M | $515,361 |
| 2023 | 559 | $1.1M | $3.7M | $327,120 |
| 2022 | 508 | $1.7M | $4.1M | $677,507 |
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 |
|---|---|---|---|---|
| CBIZ BENEFITS & INSURANCE SERVICES | Other Service Provider | $89,042 | — | $89,042 |
| COMPSYCH | Other Service Provider | — | $5,611 | $5,611 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,653
- Estimated Expense Ratio: 8.995% 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 | $115,440 | — | $89,042 | $15,000 | — |
| 2023 | $162,045 | — | $115,035 | $25,466 | — |
| 2022 | $278,417 | $41,712 | $209,717 | — | $25,121 |