Plan Snapshot
- Plan Sponsor: Watermark Retirement Communities, LLC
- Sponsor EIN: 860587483
- Sponsor Address: 2020 W RUDASILL RD, TUCSON, AZ, 857047800
- Plan Type: 401(k)
- Total Participants: 2,946
- Total Assets: $53.8M
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. |
|---|---|---|---|---|
| 2024 | 2,946 | $53.8M | $2.2M | $8.1M |
| 2023 | 3,950 | $51.7M | $2.4M | $8.2M |
| 2022 | 4,008 | $43.6M | $2.3M | $7.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $322,807 | — | $322,807 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $93,745 | $35 | $93,780 |
| LUDWIG KLEWER & RUDNER PLLC | Auditor | $40,000 | — | $40,000 |
| WATERMARK RETIREMENT | ACCOUNTANT | $30,000 | — | $30,000 |
| WATERMARK RETIREMENT COM | ACCOUNTANT | $25,352 | — | $25,352 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LUDWIG KLEWER & RUDNER PLLC — Auditor
- WATERMARK RETIREMENT — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $511,939
- Estimated Expense Ratio: 0.951% 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 | $471,904 | $67,433 | $322,807 | $40,000 | — |
| 2023 | $393,775 | $70,267 | $259,052 | $29,981 | — |
| 2022 | $304,984 | $45,126 | $225,528 | — | $34,330 |