Plan Snapshot
- Plan Sponsor: David Lerner Associates, INC.
- Sponsor EIN: 112374466
- Sponsor Address: PO BOX 9006, SYOSSET, NY, 117919006
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $59.1M
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 | 163 | $59.1M | $116,436 | $1.4M |
| 2023 | 157 | $53.4M | $121,922 | $1.4M |
| 2022 | 166 | $44.6M | $127,494 | $1.4M |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY LLP | AUDITOR | $23,730 | — | $23,730 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $20,610 | — | $20,610 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,340
- Estimated Expense Ratio: 0.075% 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 | $44,340 | — | — | $23,730 | — |
| 2023 | $44,858 | — | — | $22,680 | — |
| 2022 | $43,999 | — | — | — | $20,000 |