Plan Snapshot
- Plan Sponsor: Lrk INC.
- Sponsor EIN: 272257638
- Sponsor Address: 50 SOUTH B.B. KING BLVD., MEMPHIS, TN, 38103
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $25.6M
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 | 119 | $25.6M | $755,770 | $1.0M |
| 2023 | 127 | $22.3M | $792,594 | $1.1M |
| 2022 | 119 | $18.7M | $714,730 | $977,024 |
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 |
|---|---|---|---|---|
| CBIZ CPA'S 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 | $97,459 | — | $97,459 | — | — |
| 2023 | $84,019 | — | $84,019 | — | — |
| 2022 | $78,230 | $48,201 | $28,929 | — | $1,100 |