Plan Snapshot
- Plan Sponsor: Ltm INC.
- Sponsor EIN: 541703253
- Sponsor Address: 103 BELLTOWN ROAD BLDG #2, HAVELOCK, NC, 28532
- Plan Type: 401(k)
- Total Participants: 341
- Total Assets: $16.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 341 | $16.8M | $0 | $1.2M |
| 2023 | 313 | $14.8M | $0 | $1.0M |
| 2022 | 236 | $11.9M | $18,263 | $951,628 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $45,584 | — | $45,584 |
| FRYE & COMPANY, CPA'S | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,584
- Estimated Expense Ratio: 0.271% 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 | $45,426 | — | — | — | — |
| 2023 | $33,630 | — | — | — | — |
| 2022 | $32,762 | — | — | — | — |