Plan Snapshot
- Plan Sponsor: L&M Development Partners LLC
- Sponsor EIN: 133248408
- Sponsor Address: 1865 PALMER AVENUE, SUITE 203, LARCHMONT, NY, 10538
- Plan Type: 401(k)
- Total Participants: 535
- Total Assets: $90.0M
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 | 535 | $90.0M | $2.3M | $3.8M |
| 2023 | 483 | $86.8M | $2.0M | $3.5M |
| 2022 | 439 | $73.3M | $1.4M | $3.2M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK NEW YORK | RECORDKEEPER | $9,792 | — | $9,792 |
| LIPSKY, GOODKIN & CO., P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK NEW YORK — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,792
- Estimated Expense Ratio: 0.011% 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 | $179,432 | — | $166,182 | — | — |
| 2023 | $160,548 | — | $150,973 | — | — |
| 2022 | $136,707 | — | $136,707 | — | — |