Plan Snapshot
- Plan Sponsor: Luks And Santaniello, LLC
- Sponsor EIN: 260010386
- Sponsor Address: 110 SE 6TH STREET 20TH FLOOR, FORT LAUDERDALE, FL, 33301
- Plan Type: 401(k)
- Total Participants: 351
- Total Assets: $13.7M
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 | 351 | $13.7M | $270,485 | $1.8M |
| 2023 | 273 | $10.7M | $221,616 | $1.5M |
| 2022 | 238 | $8.4M | $182,816 | $1.2M |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES LLC | BROKER/ADVISER | — | $47,013 | $47,013 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $16,990 | — | $16,990 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $7,858 | — | $7,858 |
| COHNREZNICK, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,861
- Estimated Expense Ratio: 0.525% 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 | $71,860 | $54,870 | — | — | — |
| 2023 | $55,193 | $5,763 | — | — | — |
| 2022 | $47,927 | — | $47,927 | — | — |