Plan Snapshot
- Plan Sponsor: Library Systems & Service, LLC
- Sponsor EIN: 522003416
- Sponsor Address: 2600 TOWER OAKS BLVD SUITE 200, ROCKVILLE, MD, 20852
- Plan Type: 401(k)
- Total Participants: 736
- Total Assets: $18.1M
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 | 736 | $18.1M | $147,319 | $1.9M |
| 2023 | 729 | $17.3M | $137,418 | $1.9M |
| 2022 | 830 | $14.5M | $130,649 | $1.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $86,186 | — | $86,186 |
| CFG ASSET MANAGEMENT LLC | INVESTMENT ADVISOR | $34,879 | — | $34,879 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,065
- Estimated Expense Ratio: 0.669% 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 | $124,398 | $38,212 | — | — | — |
| 2023 | $109,001 | $33,661 | — | — | — |
| 2022 | $128,073 | — | $128,073 | — | — |