Plan Snapshot
- Plan Sponsor: Lawrence Automotive, INC. Dba Lawrence Lexus
- Sponsor EIN: 222993420
- Sponsor Address: 607 RT 33, HAMILTON, NJ, 08619
- Plan Type: 401(k)
- Total Participants: 176
- Total Assets: $7.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 176 | $7.1M | $193 | $505,645 |
| 2023 | 196 | $6.3M | $1,779 | $452,655 |
| 2022 | 149 | $4.9M | $0 | $450,654 |
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 |
|---|---|---|---|---|
| LAWRENCE F TORNETTA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAWRENCE F TORNETTA LLC — Auditor
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 | $699,388 | — | $5,637 | — | — |
| 2023 | $101,439 | — | $2,980 | — | — |
| 2022 | $19,008 | — | — | — | — |