Plan Snapshot
- Plan Sponsor: Lancaster Development, INC.
- Sponsor EIN: 160723953
- Sponsor Address: 145 PODPADIC ROAD, RICHMONDVILLE, NY, 12149
- Plan Type: DC
- Total Participants: 94
- Total Assets: $45.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 94 | $45.1M | $1.4M | $76,948 |
| 2023 | 86 | $44.7M | $704,741 | $80,279 |
| 2022 | 133 | $44.3M | $2.7M | $123,710 |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | NONE | $37,328 | — | $37,328 |
| FIRLEY, MORAN, FREER & EASSA,CPA PC | NONE | $11,251 | — | $11,251 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,579
- Estimated Expense Ratio: 0.108% 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 | $91,525 | — | $40,954 | $11,251 | — |
| 2023 | $116,080 | — | $57,823 | $16,368 | — |
| 2022 | $124,273 | — | — | — | $124,273 |