Plan Snapshot
- Plan Sponsor: Lechner & Sons, INC.
- Sponsor EIN: 364409116
- Sponsor Address: 420 KINGSTON CT, MOUNT PROSPECT, IL, 60056
- Plan Type: 401(k)
- Total Participants: 96
- Total Assets: $4.1M
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 | 96 | $4.1M | $139,911 | $163,222 |
| 2023 | 114 | $3.3M | $144,516 | $174,599 |
| 2022 | 86 | $2.6M | $152,277 | $182,696 |
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 |
|---|---|---|---|---|
| CRAIG & ASSOCIATES, LTD. | Auditor | — | — | $0 |
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 | $337,840 | — | $15,336 | — | — |
| 2023 | $87,202 | — | $14,330 | — | — |
| 2022 | $13,586 | $3,737 | — | — | $9,849 |