Plan Snapshot
- Plan Sponsor: Lakeland Bancorp, INC.
- Sponsor EIN: 222953275
- Sponsor Address: 250 OAK RIDGE ROAD, OAK RIDGE, NJ, 07438
- Plan Type: 401(k)
- Total Participants: 842
- Total Assets: $107.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 842 | $107.4M | $2.2M | $6.9M |
| 2022 | 880 | $92.3M | $2.2M | $6.8M |
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 RETIREMENT PLAN SRVCS | RETAINED BY EMPLOYER | $263,446 | — | $263,446 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | RETAINED BY EMPLOYER | $100,000 | — | $100,000 |
| NISIVOCCIA LLP | RETAINED BY EMPLOYER | $41,000 | — | $41,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SRVCS — RETAINED BY EMPLOYER
- NISIVOCCIA LLP — RETAINED BY EMPLOYER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $404,446
- Estimated Expense Ratio: 0.377% 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 |
|---|---|---|---|---|---|
| 2023 | $202,223 | $90,942 | $111,281 | — | — |
| 2022 | $140,193 | $17,718 | $122,475 | — | — |