# David Lerner Associates, INC. 401(k) Plan
Source: https://planprovider.pro/companies/david-lerner-associates-inc-401k-plan

> David Lerner Associates, INC.'s 401(k) plan: 163 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — 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|

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