Plan Snapshot
- Plan Sponsor: Lotus Hr, INC.
- Sponsor EIN: 274313896
- Sponsor Address: P.O. BOX 231599, MONTGOMERY, AL, 361321599
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $6.7M
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 | 198 | $6.7M | $163,079 | $463,151 |
| 2023 | 195 | $5.9M | $136,400 | $416,339 |
| 2022 | 219 | $5.0M | $118,807 | $393,235 |
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 |
|---|---|---|---|---|
| KSDT CPA | 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 | $78,178 | $15,549 | $62,629 | — | — |
| 2023 | $63,133 | — | $52,476 | — | — |
| 2022 | $60,777 | $9,929 | $50,848 | — | — |