Plan Snapshot
- Plan Sponsor: Lamar Media Corp.
- Sponsor EIN: 721205791
- Sponsor Address: 5321 CORPORATE BLVD., BATON ROUGE, LA, 70422
- Plan Type: 401(k)
- Total Participants: 3,444
- Total Assets: $517.3M
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. |
|---|---|---|---|---|
| 2024 | 3,444 | $517.3M | $7.2M | $23.4M |
| 2023 | 3,452 | $460.6M | $7.5M | $22.3M |
| 2022 | 3,386 | $389.5M | $7.1M | $21.1M |
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 |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | Other Service Provider | $235,510 | — | $235,510 |
| FIDUCIENT ADVISORS | Other Service Provider | $45,911 | — | $45,911 |
| THE KULLMAN FIRM | Other Service Provider | $19,272 | — | $19,272 |
| MORNINGSTAR | Other Service Provider | $15,006 | — | $15,006 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $315,699
- Estimated Expense Ratio: 0.061% 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 | $315,610 | $15,006 | — | — | — |
| 2023 | $269,514 | $15,061 | — | $40,000 | — |
| 2022 | $116,983 | $14,789 | — | — | $64,823 |