Plan Snapshot
- Plan Sponsor: Lovelace Scientific Resources INC.
- Sponsor EIN: 850357767
- Sponsor Address: 2441 RIDGECREST DRIVE SE, ALBUQUERQUE, NM, 871085129
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 33
- Total Assets: $19.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 33 | $19.7M | $30,619 | $69,217 |
| 2022 | 60 | $17.4M | $45,349 | $71,273 |
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 |
|---|---|---|---|---|
| MOSS ADAMS LLP | Other Service Provider | $18,291 | — | $18,291 |
| TEACHERS INSURANCE AND ANNUITY ASSO | Recordkeeper | $14,177 | — | $14,177 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TEACHERS INSURANCE AND ANNUITY ASSO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,468
- Estimated Expense Ratio: 0.165% 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 |
|---|---|---|---|---|---|
| 2023 | $32,468 | — | $14,177 | $18,291 | — |
| 2022 | $14,800 | — | — | — | $14,800 |