Plan Snapshot
- Plan Sponsor: Lorenzo Food Group INC
- Sponsor EIN: 010714451
- Sponsor Address: 196 COOLIDGE AVE, ENGLEWOOD, NJ, 07631
- Plan Type: 401(k)
- Total Participants: 480
- Total Assets: $5.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 480 | $5.9M | $293,484 | $455,673 |
| 2023 | 433 | $4.9M | $358,214 | $492,696 |
| 2022 | 403 | $3.4M | $226,810 | $411,077 |
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 |
|---|---|---|---|---|
| DORFMAN, ABRAMS, MUSIC LLC | 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 | $36,338 | $2,164 | $34,174 | — | — |
| 2023 | $28,338 | $1,509 | $26,829 | — | — |
| 2022 | $23,766 | $9,868 | $13,898 | — | — |