Employers › David Lerner Associates
Recordkeeping fees per participant · David Lerner Associates, Inc. 401(k) Plan · plan year 2024
$137.40
Higher than 87% of the 5,847 plans $50 to 250M that report it.
= $20,610 / 150
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250925125342NAL0012197234001, received 2025-09-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250925125342NAL0012197234001, received 2025-09-25
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-25.
Administrative expenses excluding investment management, per participant
$295.60
Higher than 93% of the 8,758 plans $50 to 250M that report it.
= $44,340 / 150
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250925125342NAL0012197234001, received 2025-09-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250925125342NAL0012197234001, received 2025-09-25
Administrative expenses per participant
$295.60
Higher than 86% of the 9,042 plans $50 to 250M that report it.
= $44,340 / 150
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250925125342NAL0012197234001, received 2025-09-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250925125342NAL0012197234001, received 2025-09-25
Administrative expenses as a share of assets
0.075%
Higher than 28% of the 9,049 plans $50 to 250M that report it.
= $44,340 / $59,088,022
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250925125342NAL0012197234001, received 2025-09-25
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250925125342NAL0012197234001, received 2025-09-25
Employer contributions per participant
$776
Higher than 7% of the 9,105 plans $50 to 250M that report it.
= $116,436 / 150
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250925125342NAL0012197234001, received 2025-09-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250925125342NAL0012197234001, received 2025-09-25
Employer share of total contributions
7.7%
Higher than 3% of the 9,112 plans $50 to 250M that report it.
= $116,436 / $1,515,115
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250925125342NAL0012197234001, received 2025-09-25
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250925125342NAL0012197234001, received 2025-09-25
Plan terms are not published in public filings.
3D IRS pre-approved plan · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250925125342NAL0012197234001, received 2025-09-25
| Field | Value | Source |
|---|---|---|
| Plan sponsor | DAVID LERNER ASSOCIATES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Plan name | DAVID LERNER ASSOCIATES, INC. 401K PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Sponsor EIN / plan number | 11-2374466 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Sponsor location | SYOSSET, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Industry (business code) | 523120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Filing received | 2025-09-25 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Participants, beginning of year | 208 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Active participants | 163 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Participants, end of year | 208 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Participants with an account balance | 150 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Total assets, beginning of year | $53,422,662 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Total assets, end of year | $59,088,022 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Net assets, end of year | $59,088,022 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Total income | $11,786,848 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Net income | $5,665,360 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Employer contributions | $116,436 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Participant contributions | $1,398,679 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Total contributions | $1,515,115 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Benefit payments | $6,031,176 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Total expenses (incl. benefit payments) | $6,121,488 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Total administrative expenses | $44,340 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Recordkeeping fees | $20,610 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| IQPA audit fees | $23,730 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Administrative expenses excluding investment management | $44,340 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Held in common/collective trusts | $7,830,690 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Held in mutual funds | $50,743,528 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250925125342NAL0012197234001, received 2025-09-25 |
| Independent auditor | CITRIN COOPERMAN & COMPANY LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250925125342NAL0012197234001, received 2025-09-25 |
Position = column in the DOL layout for form year 2024. Filing 20250925125342NAL0012197234001, received 2025-09-25.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY LLP | AUDITOR | 50 Direct payment from the plan; 10 Accounting (including auditing) | $23,730 | no |
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORDKEEPER | 12 Claims processing; 15 Recordkeeping and information management; 28 Investment management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 54 Sales loads (front end and deferred); 59 Shareholder servicing fees; 61 Finders fees / placement fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees | $20,610 | yes |
| NATIONAL FINANCIAL SERVICES | SECURITIES BROKER | 33 Securities brokerage; 71 Securities brokerage commissions and fees | $0 | yes |
| MID ATLANTIC CAPITAL CORPORATION | SECURITIES BROKER | 33 Securities brokerage; 71 Securities brokerage commissions and fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250925125342NAL0012197234001, received 2025-09-25.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $53,422,662 | $59,088,022 | 10.6% |
| Participants with a balance | 159 | 150 | -5.7% |
| Administrative expenses | $44,858 | $44,340 | -1.2% |
| Recordkeeping fees per participant | $139.48 | $137.40 | -1.5% |
| Employer contributions | $121,922 | $116,436 | -4.5% |
Prior filing 20241011114613NAL0010877731004, received 2024-10-11; the plan years are contiguous.
Sponsor name as filed: DAVID LERNER ASSOCIATES, INC.; SEC registrant: DAVID LERNER ASSOCIATES, INC. (CIK 58798, matched by EIN).