Plan Snapshot
- Plan Sponsor: Lawrence Technological University
- Sponsor EIN: 381369604
- Sponsor Address: 21000 W 10 MILE ROAD, SOUTHFIELD, MI, 480751058
- Plan Type: 403(b)
- Total Participants: 452
- Total Assets: $99.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 452 | $99.7M | $358,055 | $2.1M |
| 2023 | 446 | $96.7M | $334,420 | $1.9M |
| 2022 | 440 | $89.6M | $326,273 | $1.9M |
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 |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | Auditor | $20,500 | — | $20,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,500
- Estimated Expense Ratio: 0.021% 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 | $76,310 | $15,000 | $40,810 | $20,500 | — |
| 2023 | $53,628 | — | $39,528 | $14,100 | — |
| 2022 | $44,746 | — | $30,697 | — | $11,550 |