Plan Snapshot
- Plan Sponsor: Lightspeed Pos Usa INC.
- Sponsor EIN: 392080084
- Sponsor Address: 460 PARK AVENUE S, NEW YORK, NY, 10016
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 435
- Total Assets: $28.3M
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. |
|---|---|---|---|---|
| 2025 | 435 | $28.3M | $0 | $0 |
| 2024 | 239 | $22.8M | $1.2M | $2.5M |
| 2023 | 322 | $20.0M | $1.3M | $2.9M |
| 2022 | 409 | $15.6M | $1.4M | $3.0M |
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 |
|---|---|---|---|---|
| ALLIANT INSURANCE SERVICES INC. DBA | Other Service Provider | $56,487 | $12,434 | $68,921 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | Recordkeeper | $63,211 | — | $63,211 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $12,475 | — | $12,475 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,607
- Estimated Expense Ratio: 0.512% 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 |
|---|---|---|---|---|---|
| 2025 | $2,827,017 | — | $118,647 | — | — |
| 2024 | $117,502 | — | $98,175 | — | — |
| 2023 | $94,104 | — | $77,959 | — | — |
| 2022 | $52,629 | — | $43,205 | — | — |