Plan Snapshot
- Plan Sponsor: Lerner Corporation
- Sponsor EIN: 520815758
- Sponsor Address: 2000 TOWER OAKS BLVD, 8TH FL, ROCKVILLE, MD, 208524284
- Plan Type: 401(k)
- Total Participants: 318
- Total Assets: $37.8M
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 | 318 | $37.8M | $793,670 | $2.9M |
| 2023 | 331 | $35.5M | $712,727 | $2.9M |
| 2022 | 327 | $33.2M | $731,266 | $2.7M |
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 |
|---|---|---|---|---|
| JONES & MCINTYRE, PLLC | Auditor | $14,002 | — | $14,002 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,002
- Estimated Expense Ratio: 0.037% 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 | $139,480 | $49,991 | $75,487 | $14,002 | — |
| 2023 | $133,199 | $49,991 | $69,627 | $13,581 | — |
| 2022 | $128,931 | $49,957 | $68,905 | — | $10,069 |