Plan Snapshot
- Plan Sponsor: Lawrence Academy
- Sponsor EIN: 042105775
- Sponsor Address: 26 POWDERHOUSE ROAD, GROTON, MA, 014500992
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 325
- Total Assets: $39.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 325 | $39.2M | $0 | $0 |
| 2024 | 126 | $35.3M | $896,675 | $1.0M |
| 2023 | 147 | $32.8M | $862,288 | $944,815 |
| 2022 | 153 | $29.1M | $780,886 | $874,758 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS. CO. OF AMERICA | Recordkeeper | $23,422 | — | $23,422 |
| ADMIN PARTNERS LLC | Other Service Provider | $10,917 | — | $10,917 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,339
- Estimated Expense Ratio: 0.088% 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 |
|---|---|---|---|---|---|
| 2025 | $3,791,684 | — | $34,703 | — | — |
| 2024 | $31,989 | — | $31,989 | — | — |
| 2023 | $21,751 | — | — | $11,500 | — |
| 2022 | $5,660 | — | — | — | $5,660 |