Plan Snapshot
- Plan Sponsor: L & M Companies, INC.
- Sponsor EIN: 560811549
- Sponsor Address: 2925 HUNTLEIGH DRIVE, SUITE 204, RALEIGH, NC, 27604
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 140
- Total Assets: $962,984
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 140 | $962,984 | $1.0M | $1.1M |
| 2023 | 216 | $1.7M | $1.8M | $859,371 |
| 2022 | 181 | $1.5M | $1.8M | $881,417 |
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 |
|---|---|---|---|---|
| FLORES AND ASSOCIATES | Other Service Provider | $121,638 | — | $121,638 |
| NEW YORK LIFE | Other Service Provider | $93,264 | — | $93,264 |
| AETNA LIFE INSURANCE CO | Other Service Provider | $92,755 | — | $92,755 |
| AON CONSULTING | Other Service Provider | $44,000 | — | $44,000 |
| ACA TRACK LLC | Other Service Provider | $38,028 | — | $38,028 |
| FIRST CITIZENS BANK & TRUST COMPANY | Other Service Provider | $9,090 | — | $9,090 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $398,775
- Estimated Expense Ratio: 41.410% 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 | $158,830 | — | $96,067 | — | — |
| 2023 | $112,091 | — | $70,091 | — | — |
| 2022 | $109,000 | — | $70,998 | — | $38,002 |