Plan Snapshot
- Plan Sponsor: Transit Management Of Southeast Louisiana, INC.
- Sponsor EIN: 720956036
- Sponsor Address: 4939 CHEF MENTEUR HIGHWAY, SUITE 3, NEW ORLEANS, LA, 701260000
- Plan Type: DB
- Total Participants: 1,602
- Total Assets: $180.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,602 | $180.0M | $19.6M | $0 |
| 2023 | 1,631 | $180.6M | $13.8M | $0 |
| 2022 | 1,673 | $185.6M | $9.8M | $0 |
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 |
|---|---|---|---|---|
| MARINER INSTITUTIONAL, LLC | Other Service Provider | $187,500 | — | $187,500 |
| AMERICAN REALTY ADVISORS | Other Service Provider | $117,962 | — | $117,962 |
| WEILER & REES | Other Service Provider | $104,776 | — | $104,776 |
| GULF COAST BANK & TRUST | Other Service Provider | $103,059 | — | $103,059 |
| ALLSPRING GLOBAL INVESTMENTS | Other Service Provider | $102,527 | — | $102,527 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $95,519 | — | $95,519 |
| FOSTER & FOSTER, INC. | Other Service Provider | $88,901 | — | $88,901 |
| PENSION TECHNOLOGY GROUP | Other Service Provider | $75,000 | — | $75,000 |
| SEIZERT CAPITAL PARTNERS LLC | Other Service Provider | $69,752 | $3,319 | $73,071 |
| KENNEDY CAPITAL MANAGEMENT INC | Other Service Provider | $68,625 | $10 | $68,635 |
| NEWTON INVESTMENT MANAGEMENT NORTH | Other Service Provider | $64,852 | — | $64,852 |
| DUPLANTIER HRAPMANN HOGAN & MAHER L | Other Service Provider | $43,950 | — | $43,950 |
| MARCIA ALSANDOR | EMPLOYEE | $41,958 | — | $41,958 |
| XPONANCE, INC. | Other Service Provider | $39,888 | — | $39,888 |
| MESIROW FINANCIAL | Other Service Provider | $38,732 | — | $38,732 |
| CURTIS A MORET JR LLC | Other Service Provider | $11,880 | — | $11,880 |
| KAYDREYON BOWMAN | EMPLOYEE | $11,357 | — | $11,357 |
| SCHRODERS INVESTMENT MANAGEMENT NOR | Other Service Provider | $9,327 | — | $9,327 |
| LAZARD ASSET MANAGEMENT | Other Service Provider | $7,249 | $1,228 | $8,477 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,287,371
- Estimated Expense Ratio: 0.715% 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 | $20,689,672 | $386,778 | — | — | — |
| 2023 | $15,887,605 | $401,062 | — | — | — |
| 2022 | $11,599,708 | $568,117 | — | — | $598,591 |