Plan Snapshot
- Plan Sponsor: Lane & Associates, INC.
- Sponsor EIN: 561829452
- Sponsor Address: 15 RAWLS ROAD, ANGIER, NC, 27501
- Plan Type: 401(k)
- Total Participants: 702
- Total Assets: $28.6M
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 | 702 | $28.6M | $1.5M | $2.9M |
| 2023 | 556 | $23.0M | $1.2M | $2.5M |
| 2022 | 547 | $16.9M | $1.1M | $2.0M |
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 |
|---|---|---|---|---|
| WIGGINS & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $153,066 | — | $153,066 | — | — |
| 2023 | $127,232 | $44,851 | $82,381 | — | — |
| 2022 | $114,351 | — | $114,351 | — | — |