Plan Snapshot
- Plan Sponsor: Lerner David LLP
- Sponsor EIN: 222269956
- Sponsor Address: 20 COMMERCE DRIVE, CRANFORD, NJ, 07016
- Plan Type: DC
- Total Participants: 104
- Total Assets: $62.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 104 | $62.1M | $929,966 | $986,125 |
| 2023 | 107 | $57.0M | $948,037 | $888,568 |
| 2022 | 105 | $55.7M | $983,649 | $910,255 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $18,405 | — | $18,405 |
| MORNINGSTAR | SERVICE PROVIDER | — | $8,760 | $8,760 |
| BERDERSON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — SERVICE PROVIDER
- BERDERSON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,165
- Estimated Expense Ratio: 0.044% 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 | $44,503 | — | — | — | — |
| 2023 | $41,385 | — | — | — | — |
| 2022 | $43,251 | — | — | — | — |