Plan Snapshot
- Plan Sponsor: Lemonade, INC.
- Sponsor EIN: 320469673
- Sponsor Address: 5 CROSBY STREET, NEW YORK, NY, 10013
- Plan Type: 401(k)
- Total Participants: 795
- Total Assets: $39.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 795 | $39.6M | $2.6M | $4.8M |
| 2023 | 849 | $30.4M | $2.6M | $5.0M |
| 2022 | 750 | $13.9M | $1.9M | $3.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $61,804 | — | $61,804 |
| CETERA INVESTMENT ADVISORS LLC | ADVISOR | $25,067 | — | $25,067 |
| CREATIVE PLANNING HOLDCO, LLC | CONSULTANT | $6,667 | — | $6,667 |
| INSERO & CO CPA'S LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- CREATIVE PLANNING HOLDCO, LLC — CONSULTANT
- INSERO & CO CPA'S LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,538
- Estimated Expense Ratio: 0.236% 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 | $93,538 | $25,067 | — | — | — |
| 2023 | $92,473 | $34,656 | — | — | — |
| 2022 | $42,657 | — | — | — | — |