Plan Snapshot
- Plan Sponsor: Lhb, INC.
- Sponsor EIN: 410904334
- Sponsor Address: 21 WEST SUPERIOR STREET, SUITE 500, DULUTH, MN, 55802
- Plan Type: 401(k)
- Total Participants: 225
- Total Assets: $65.7M
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 | 225 | $65.7M | $1.4M | $2.3M |
| 2023 | 212 | $59.7M | $905,309 | $2.3M |
| 2022 | 238 | $50.8M | $382,410 | $2.3M |
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 |
|---|---|---|---|---|
| BOULAY, PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOULAY, PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $92,530 | — | $92,530 | — | — |
| 2023 | $79,622 | — | $79,622 | — | — |
| 2022 | $97,040 | — | $97,040 | — | — |