Plan Snapshot
- Plan Sponsor: Lincoln Technical Institute, INC.
- Sponsor EIN: 222074593
- Sponsor Address: 14 SYLVAN WAY, SUITE A, PARSIPPANY, NJ, 07054
- Plan Type: 401(k)
- Total Participants: 2,272
- Total Assets: $99.1M
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 | 2,272 | $99.1M | $841,631 | $7.2M |
| 2023 | 2,094 | $91.2M | $787,479 | $6.6M |
| 2022 | 1,909 | $78.3M | $705,102 | $6.4M |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | NONE | $299,504 | — | $299,504 |
| CHARES SCHWAB TRUST BANK | NONE | $5 | $41,339 | $41,344 |
| GRANT THORNTON | Auditor | $17 | — | $17 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
- CHARES SCHWAB TRUST BANK — NONE
- GRANT THORNTON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $340,865
- Estimated Expense Ratio: 0.344% 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 | $299,521 | — | $299,504 | $17 | — |
| 2023 | $266,191 | — | $266,165 | — | — |
| 2022 | $257,565 | — | — | — | $257,565 |