# Lloyd Companies, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lloyd-companies-inc-401k-plan

> Lloyd Companies, INC.'s 401(k) plan: 353 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lloyd Companies, INC.

- **Sponsor EIN:** 832634703

- **Sponsor Address:** 101 S REID STREET, SIOUX FALLS, SD, 57103

- **Plan Type:** 401(k)

- **Total Participants:** 353

- **Total Assets:** $19.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|353|$19.7M|$927,583|$2.2M|

| 2023|351|$16.0M|$819,021|$1.9M|

| 2022|321|$11.2M|$548,257|$1.5M|

## 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|

| SECURITY NATIONAL BANK|TRUSTEE|$42,944|—|$42,944|

| KETEL THORSTENSON, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KETEL THORSTENSON, LLP](https://planprovider.pro/provider/ketel-thorstenson-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $42,944

- **Estimated Expense Ratio:** 0.218% 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|$44,829|$42,944|—|—|—|

| 2023|$30,641|$29,699|—|—|—|

| 2022|$27,265|—|—|—|$27,265|

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