Plan Snapshot
- Plan Sponsor: Leonard Bus Sales, INC.
- Sponsor EIN: 161007038
- Sponsor Address: 4 LEONARD WAY, DEPOSIT, NY, 137541240
- Plan Type: 401(k)
- Total Participants: 172
- Total Assets: $15.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 172 | $15.7M | $538,839 | $859,951 |
| 2023 | 180 | $13.7M | $293,794 | $807,501 |
| 2022 | 174 | $11.8M | $251,480 | $710,530 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $54,850 | — | $54,850 |
| NORTHWESTERN MUTUAL WEALTH MGMT CO. | INVESTMENT ADVISORY | — | $35,603 | $35,603 |
| BST & CO. CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL WEALTH MGMT CO. — INVESTMENT ADVISORY
- BST & CO. CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,453
- Estimated Expense Ratio: 0.577% 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 | $54,851 | — | $54,851 | — | — |
| 2023 | $48,408 | — | $48,408 | — | — |
| 2022 | $47,132 | — | $47,132 | — | — |