# Lincoln Technical Institute, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lincoln-technical-institute-inc-401k-plan

> Lincoln Technical Institute, INC.'s 401(k) plan: 2,272 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/milliman) — NONE

- [CHARES SCHWAB TRUST BANK](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [GRANT THORNTON](https://planprovider.pro/provider/grant-thornton-llp) — 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|

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