Plan Snapshot
- Plan Sponsor: Empower Lga, INC.
- Sponsor EIN: 042734184
- Sponsor Address: 605 NEPONSET ST, CANTON, MA, 020211981
- Plan Type: 403(b)
- Total Participants: 204
- Total Assets: $9.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 204 | $9.2M | $697,284 | $472,511 |
| 2023 | 209 | $9.9M | $878,476 | $409,665 |
| 2022 | 148 | $7.9M | $0 | $267,462 |
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 |
|---|---|---|---|---|
| COHN REZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $79,233 | — | $75,836 | — | — |
| 2023 | $137,653 | — | $106,605 | — | — |
| 2022 | $1,741 | — | $1,741 | — | — |