401k Record

Employers › Local Initiatives Support

Local Initiatives Support 401(k)

Administrative expenses excluding investment management, per participant · Local Initiatives Support Corporation 401(k) Plan · plan year 2024

$93.13

Higher than 50% of the 8,758 plans $50 to 250M that report it.

Source

= $73,856 / 793
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250916133150NAL0004422146001, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916133150NAL0004422146001, received 2025-09-16

10th: $16.21median $93.2090th: $246.84

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 2025-09-16.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$93.13

10th: $29.39median $132.8490th: $350.58

Higher than 33% of the 9,042 plans $50 to 250M that report it.

Source

= $73,856 / 793
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916133150NAL0004422146001, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916133150NAL0004422146001, received 2025-09-16

Administrative expenses as a share of assets

0.095%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 36% of the 9,049 plans $50 to 250M that report it.

Source

= $73,856 / $77,668,246
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916133150NAL0004422146001, received 2025-09-16
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250916133150NAL0004422146001, received 2025-09-16

Employer contributions per participant

$910

10th: $965median $2,73890th: $8,164

Higher than 9% of the 9,105 plans $50 to 250M that report it.

Source

= $721,852 / 793
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916133150NAL0004422146001, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916133150NAL0004422146001, received 2025-09-16

Employer share of total contributions

12.2%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 6% of the 9,112 plans $50 to 250M that report it.

Source

= $721,852 / $5,909,007
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916133150NAL0004422146001, received 2025-09-16
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250916133150NAL0004422146001, received 2025-09-16

Plan terms, as stated in Local Initiatives Support Corp's SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250916133150NAL0004422146001, received 2025-09-16

Full record, Local Initiatives Support Corporation 401(k) Plan

FieldValueSource
Plan sponsorLOCAL INITIATIVES SUPPORT CORPORATIONForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250916133150NAL0004422146001, received 2025-09-16
Plan nameLOCAL INITIATIVES SUPPORT CORPORATION 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250916133150NAL0004422146001, received 2025-09-16
Sponsor EIN / plan number13-3030229 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250916133150NAL0004422146001, received 2025-09-16
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250916133150NAL0004422146001, received 2025-09-16
Sponsor locationNEW YORK, NYForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250916133150NAL0004422146001, received 2025-09-16
Industry (business code)813000, Other servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250916133150NAL0004422146001, received 2025-09-16
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250916133150NAL0004422146001, received 2025-09-16
Filing received2025-09-16Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250916133150NAL0004422146001, received 2025-09-16
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250916133150NAL0004422146001, received 2025-09-16
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250916133150NAL0004422146001, received 2025-09-16
Participants, beginning of year863Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250916133150NAL0004422146001, received 2025-09-16
Active participants553Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250916133150NAL0004422146001, received 2025-09-16
Participants, end of year850Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250916133150NAL0004422146001, received 2025-09-16
Participants with an account balance793Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916133150NAL0004422146001, received 2025-09-16
Total assets, beginning of year$66,707,328Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250916133150NAL0004422146001, received 2025-09-16
Total assets, end of year$77,668,246Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250916133150NAL0004422146001, received 2025-09-16
Net assets, end of year$77,668,246Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250916133150NAL0004422146001, received 2025-09-16
Total income$15,934,611Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250916133150NAL0004422146001, received 2025-09-16
Net income$10,960,918Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250916133150NAL0004422146001, received 2025-09-16
Employer contributions$721,852Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916133150NAL0004422146001, received 2025-09-16
Participant contributions$4,482,357Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250916133150NAL0004422146001, received 2025-09-16
Other contributions (incl. rollovers)$704,798Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250916133150NAL0004422146001, received 2025-09-16
Total contributions$5,909,007Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250916133150NAL0004422146001, received 2025-09-16
Benefit payments$4,899,837Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250916133150NAL0004422146001, received 2025-09-16
Total expenses (incl. benefit payments)$4,973,693Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250916133150NAL0004422146001, received 2025-09-16
Total administrative expenses$73,856Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916133150NAL0004422146001, received 2025-09-16
Administrative expenses excluding investment management$73,856derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250916133150NAL0004422146001, received 2025-09-16
Held in common/collective trusts$3,614,293Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250916133150NAL0004422146001, received 2025-09-16
Held in mutual funds$72,987,520Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250916133150NAL0004422146001, received 2025-09-16
Independent auditorBDO USA, P.C.Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250916133150NAL0004422146001, received 2025-09-16

Position = column in the DOL layout for form year 2024. Filing 20250916133150NAL0004422146001, received 2025-09-16.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
THE VANGUARD GROUP, INC.recordkeeperNONE 15 Recordkeeping and information management; 16 Consulting (general); 25 Trustee (directed); 37 Participant loan processing; 52 Investment management fees paid indirectly by plan $74,631yes
AXA EQUITABLE LIFE INSURANCE COrecordkeeperRECORDKEEPER 25 Trustee (directed); 28 Investment management; 59 Shareholder servicing fees; 60 Sub-transfer agency fees; 62 Float revenue; 63 Distribution (12b-1) fees; 67 Other insurance wrap fees $316yes

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 20250916133150NAL0004422146001, received 2025-09-16.

What changed since the 2023 plan year

Figure20232024Change
Total assets$66,707,328$77,668,24616.4%
Participants with a balance7787931.9%
Administrative expenses$73,398$73,8560.6%
Recordkeeping fees per participantnot reportednot reported
Employer contributions$663,734$721,8528.8%

Prior filing 20241010170521NAL0034835488001, received 2024-10-10; the plan years are contiguous.

Alerts, claims and corrections

Alert me when this filing changes

One email when a new Form 5500 for Local Initiatives Support Corporation 401(k) Plan appears in the Department of Labor data. Confirmation link first; unsubscribe link in every email.

Claim this plan

For the sponsor or its plan administrator: request to verify or annotate this page. A work email address at the sponsor speeds up verification.

Report a correction

Every figure is reproduced from the filing with its source. Tell us which figure and what the filing says instead.

Sponsor name as filed: LOCAL INITIATIVES SUPPORT CORPORATION; SEC registrant: Local Initiatives Support Corp (CIK 1755744, matched by EIN).