# Lakeland Bancorp, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lakeland-bancorp-inc-401k-plan

> Lakeland Bancorp, INC.'s 401(k) plan: 842 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## 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](https://planprovider.pro/provider/john-hancock) — RETAINED BY EMPLOYER

- [NISIVOCCIA LLP](https://planprovider.pro/provider/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|—|—|

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