Plan Snapshot
- Plan Sponsor: Lockwood Companies, L.L.C.
- Sponsor EIN: 202052792
- Sponsor Address: 27777 FRANKLIN RD SUITE 1410, SOUTHFIELD, MI, 48034
- Plan Type: 401(k)
- Total Participants: 149
- Total Assets: $4.0M
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 | 149 | $4.0M | $152,470 | $508,863 |
| 2023 | 143 | $3.3M | $62,205 | $429,480 |
| 2022 | 147 | $2.7M | $59,149 | $411,239 |
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 |
|---|---|---|---|---|
| SCHREIBER ADVISORS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $31,197 | $14,666 | — | — | — |
| 2023 | $27,275 | $11,726 | — | — | — |
| 2022 | $44,027 | — | — | — | — |