Plan Snapshot
- Plan Sponsor: L&M Companies, INC.
- Sponsor EIN: 560811549
- Sponsor Address: 2925 HUNTLEIGH DRIVE, RALEIGH, NC, 27604
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $50.0M
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 | 223 | $50.0M | $544,709 | $1.3M |
| 2023 | 203 | $45.6M | $1.0M | $1.3M |
| 2022 | 221 | $39.1M | $1.0M | $1.3M |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT | 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 | $87,884 | $32,005 | $55,879 | — | — |
| 2023 | $80,797 | $31,724 | $49,073 | — | — |
| 2022 | $74,755 | $30,016 | $44,739 | — | — |