Plan Snapshot
- Plan Sponsor: Lennar Corporation
- Sponsor EIN: 954337490
- Sponsor Address: 5505 WATERFORD DISTRICT DR, MIAMI, FL, 33126
- Plan Type: 401(k)
- Total Participants: 13,135
- Total Assets: $1.6B
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 | 13,135 | $1.6B | $72.2M | $120.2M |
| 2023 | 11,477 | $1.4B | $53.6M | $104.6M |
| 2022 | 10,681 | $1.1B | $38.4M | $99.3M |
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 ANNUITY INSURANCE COMPANY | RECORDKEEPER | $251,336 | — | $251,336 |
| CAPFINANCIAL PARTNERS LLC | INVESTMENT ADVISOR | $128,872 | — | $128,872 |
| FAEGRE DRINKER BIDDLE & REATH LLP | ATTORNEY | $39,527 | — | $39,527 |
| MILLER KAPLAN ARASE LLP | AUDITOR | $37,000 | — | $37,000 |
| CROWE LLP | Auditor | $37,000 | — | $37,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FAEGRE DRINKER BIDDLE & REATH LLP — ATTORNEY
- MILLER KAPLAN ARASE LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $493,735
- Estimated Expense Ratio: 0.031% 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 | $1,307,195 | $128,872 | — | $37,000 | — |
| 2023 | $1,103,144 | $128,872 | $665,732 | — | — |
| 2022 | $1,201,408 | $133,115 | $693,037 | — | $140,646 |