Plan Snapshot
- Plan Sponsor: Laforce & Company, LLC
- Sponsor EIN: 452681915
- Sponsor Address: 47-07 32ND PLACE, LONG ISLAND CITY, NY, 11101
- Plan Type: 401(k)
- Total Participants: 112
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 112 | $8.3M | $237,312 | $589,351 |
| 2023 | 103 | $6.7M | $189,828 | $485,820 |
| 2022 | 105 | $5.2M | $183,685 | $481,861 |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES | SERVICE PROVIDER | — | $34,609 | $34,609 |
| LEE CPA AUDIT GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH EQUITY SERVICES — SERVICE PROVIDER
- LEE CPA AUDIT GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,609
- Estimated Expense Ratio: 0.416% 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 | $760 | — | $760 | — | — |
| 2023 | $1,170 | — | $765 | — | — |
| 2022 | $1,460 | — | — | — | — |