Plan Snapshot
- Plan Sponsor: Lawrence Equipment, INC.
- Sponsor EIN: 953731402
- Sponsor Address: 2034 NORTH PECK ROAD, SO. EL MONTE, CA, 91733
- Plan Type: 401(k)
- Total Participants: 359
- Total Assets: $18.1M
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 | 359 | $18.1M | $594,135 | $1.1M |
| 2023 | 399 | $15.9M | $503,013 | $927,112 |
| 2022 | 278 | $13.1M | $467,396 | $798,612 |
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 ADVISORY GROUP, LLC | INVESTMENT MGMT | $17,412 | — | $17,412 |
| HOFFMAN SHORT RUBIN DEWINTER SANDER | AUDITOR | $12,000 | — | $12,000 |
| HOFFMAN SHORT AN ACCOUNTACY CORP | Auditor | $12,000 | — | $12,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,412
- Estimated Expense Ratio: 0.229% 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 | $32,802 | $17,412 | — | $12,000 | — |
| 2023 | $26,656 | $12,882 | — | $11,000 | — |
| 2022 | $21,657 | — | $21,657 | — | — |