Plan Snapshot
- Plan Sponsor: Lerner Publishing Group
- Sponsor EIN: 410833899
- Sponsor Address: 241 1ST AVE N, MINNEAPOLIS, MN, 55401
- Plan Type: 401(k)
- Total Participants: 100
- Total Assets: $16.2M
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 | 100 | $16.2M | $137,292 | $488,038 |
| 2023 | 100 | $14.4M | $123,509 | $455,820 |
| 2022 | 97 | $12.2M | $238,479 | $416,398 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $11,235 | — | $11,235 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,235
- Estimated Expense Ratio: 0.069% 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 | $39,766 | $5,507 | — | $11,235 | — |
| 2023 | $24,181 | $988 | — | — | — |
| 2022 | $31,444 | $620 | — | — | $30,824 |