# Watermark Retirement Communities, LLC 401(k) Plan
Source: https://planprovider.pro/companies/watermark-retirement-communities-llc-401k-plan

> Watermark Retirement Communities, LLC's 401(k) plan: 2,946 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/ludwig-klewer-and-rudner-pllc) — Auditor

- [WATERMARK RETIREMENT](https://planprovider.pro/provider/rsm-us-llp) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/watermark-retirement-communities-llc-401k-plan)

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