# Lynnes Nissan City INC. 401(k) Plan
Source: https://planprovider.pro/companies/lynnes-nissan-city-inc-plan

> Lynnes Nissan City INC.'s 401(k) plan: 154 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lynnes Nissan City INC.

- **Sponsor EIN:** 221643602

- **Sponsor Address:** 318 BLOOMFIELD AVENUE, BLOOMFIELD, NJ, 07003

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

- **Total Participants:** 154

- **Total Assets:** $8.1M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|154|$8.1M|$0|$713,520|

| 2023|149|$7.0M|$0|$712,033|

| 2022|147|$5.9M|$0|$762,579|

## 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|

| ADP, INC.|RECORD KEEPER|$24,582|—|$24,582|

| MAGONE & COMPANY PC CPA'S|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $24,582

- **Estimated Expense Ratio:** 0.303% 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|$24,582|—|—|—|—|

| 2023|$19,075|—|—|—|—|

| 2022|$18,418|—|—|—|—|

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