# Lawrence Equipment, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lawrence-equipment-inc-401k-plan

> Lawrence Equipment, INC.'s 401(k) plan: 359 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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