Plan Snapshot
- Plan Sponsor: Laboratory Institute Of Merchandising, INC.
- Sponsor EIN: 135579528
- Sponsor Address: 545 FIFTH AVENUE, NEW YORK, NY, 10017
- Plan Type: 401(k)
- Total Participants: 292
- Total Assets: $13.4M
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 | 292 | $13.4M | $200,000 | $545,608 |
| 2023 | 117 | $13.1M | $0 | $606,638 |
| 2022 | 98 | $11.2M | $0 | $523,158 |
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 |
|---|---|---|---|---|
| CETERA ADVISOR NETWORKS LLC | BROKER/ADVISER | — | $45,880 | $45,880 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $8,568 | — | $8,568 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $6,523 | — | $6,523 |
| ADEPTUS PARTNERS LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,971
- Estimated Expense Ratio: 0.455% 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 | $18,376 | $8,568 | — | — | — |
| 2023 | $14,150 | $7,118 | — | — | — |
| 2022 | $12,668 | — | $12,668 | — | — |