Plan Snapshot
- Plan Sponsor: Lotus Communications Corp.
- Sponsor EIN: 952216930
- Sponsor Address: 3301 BARHAM BLVD. SUITE 200, LOS ANGELES, CA, 90068
- Plan Type: 401(k)
- Total Participants: 450
- Total Assets: $24.6M
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 | 450 | $24.6M | $264,175 | $1.1M |
| 2023 | 379 | $23.3M | $331,467 | $1.2M |
| 2022 | 405 | $19.7M | $343,299 | $1.3M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,965 | — | $5,965 |
| MILLER, KAPLAN, ARASE & CO. LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- MILLER, KAPLAN, ARASE & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,965
- Estimated Expense Ratio: 0.024% 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 | $8,209 | $5,965 | — | — | — |
| 2023 | $11,100 | $8,752 | $300 | — | — |
| 2022 | $9,396 | $7,420 | — | — | — |