2023 Form 5500 filing — Lincoln Technical Institute, Inc 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015145259NAL0014888707001) for Lincoln Technical Institute, Inc 401(K) Plan, reported by Lincoln Technical Institute, Inc. under EIN 22-2074593 and plan number 002. It reports 3,322 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$91.2MReported net assets$91,237,619
Participants3.3K3,322
Provider compensation$293.8K2 Schedule C row(s)$293,756
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241015145259NAL0014888707001
- Plan sponsor
- Lincoln Technical Institute, Inc.
- EIN
- 22-2074593
- Plan number
- 002
- Location
- Parsippany, NJ
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$91.2M total assets
Net assets$91.2MLiabilities$0
Full reported line items
- Total assets (EOY)
- $91,237,619
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $91,237,619
- Employer contributions
- $787,479
- Participant contributions
- $6,574,293
- Total income / additions
- $21,733,453
- Benefits paid
- $8,576,674
- Administrative expenses
- $266,191
- Total expenses
- $8,842,865
- Net increase / (decrease)
- $12,890,588
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Milliman, Inc. | NONE | $266,166 | not reported in the loaded dataset |
| Chares Schwab Trust Bank | NONE | $66 | $27,524 |