Plan Snapshot
- Plan Sponsor: Lyman Products Corporation
- Sponsor EIN: 060969287
- Sponsor Address: 475 SMITH ST, MIDDLETOWN, CT, 06457
- Plan Type: 401(k)
- Total Participants: 100
- Total Assets: $8.2M
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 | 100 | $8.2M | $157,831 | $499,069 |
| 2023 | 90 | $8.1M | $165,920 | $472,318 |
| 2022 | 95 | $7.9M | $268,910 | $499,461 |
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 |
|---|---|---|---|---|
| MP PC | 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 | $31,098 | — | $31,098 | — | — |
| 2023 | $41,006 | $20,127 | $20,879 | — | — |
| 2022 | $43,345 | $21,065 | $22,280 | — | — |