# Laboratory Institute Of Merchandising, INC. 401(k) Plan
Source: https://planprovider.pro/companies/laboratory-institute-of-merchandising-inc-401k-plan

> Laboratory Institute Of Merchandising, INC.'s 401(k) plan: 292 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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