Plan Snapshot
- Plan Sponsor: Lane-Valente Industries, INC.
- Sponsor EIN: 113459495
- Sponsor Address: 98 MAPLE AVENUE, SMITHTOWN, NY, 11787
- Plan Type: 401(k)
- Total Participants: 355
- Total Assets: $31.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 355 | $31.5M | $832,739 | $1.9M |
| 2023 | 345 | $25.5M | $777,551 | $1.7M |
| 2022 | 316 | $19.9M | $699,973 | $1.5M |
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 |
|---|---|---|---|---|
| CRAIG FITZSIMMONS & MEYER 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 | $115,004 | $69,068 | — | — | — |
| 2023 | $92,477 | $52,622 | — | — | — |
| 2022 | $87,443 | — | — | — | — |