Plan Snapshot
- Plan Sponsor: Seaside Healthcare, INC.
- Sponsor EIN: 464327879
- Sponsor Address: 425 ASHLEY RIDGE BLVD., SUITE 340, SHREVEPORT, LA, 71106
- Plan Type: 401(k)
- Total Participants: 1,186
- Total Assets: $10.0M
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 | 1,186 | $10.0M | $0 | $1.8M |
| 2023 | 1,596 | $8.9M | $0 | $1.6M |
| 2022 | 1,010 | $6.7M | $0 | $1.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO | Recordkeeper | $77,716 | — | $77,716 |
| HEARD MCELROY & VESTAL, LLC | Other Service Provider | $35,159 | $4,379 | $39,538 |
| ARGENT RETIREMENT PLAN ADVISORS | Investment Advisor | $26,281 | — | $26,281 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,535
- Estimated Expense Ratio: 1.440% 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 | $145,032 | $85,010 | $2,051 | — | — |
| 2023 | $57,259 | $3,337 | $51,920 | — | — |
| 2022 | $82,264 | $18,337 | $27,217 | — | $36,710 |