Lincoln Technical Institute, Inc 401(K) Plan — Form 5500 plan (Lincoln Technical Institute, Inc.)
Plain-English plan 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, Lincoln Technical Institute, Inc 401(K) Plan is a benefit plan reported by Lincoln Technical Institute, Inc. under EIN 22-2074593 and plan number 002. The latest loaded filing year is 2023. The filing reports 3,322 participants and $91,237,619 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$91.2MPlan net assets, end of year$91,237,619
Participants3.3KCovered participants reported3,322
Assets / participant$27.5KComputed: assets ÷ participants$27,465 (computed)
Provider compensation$293.8K2 Schedule C provider row(s)$293,756
- Plan sponsor
- Lincoln Technical Institute, Inc.
- EIN
- 22-2074593
- Plan number
- 002
- Plan type
- 2
- Location
- Parsippany, NJ
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,322 | H, C | 20241015145259NAL0014888707001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$91.2M total assets
Net assets$91.2MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $91,237,619
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $91,237,619
- Net assets (BOY)
- $78,347,031
Income & contributions
- Employer contributions
- $787,479
- Participant contributions
- $6,574,293
- Total contributions
- $7,585,798
- Total income / additions
- $21,733,453
Expenses & distributions
- Benefits paid
- $8,576,674
- Administrative expenses
- $266,191
- Total expenses
- $8,842,865
- Net increase / (decrease)
- $12,890,588
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
89%
Employer 11%Participant 89%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income39%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Milliman, Inc. | NONE | $266,166 | not reported in the loaded dataset | 2023 |
| Chares Schwab Trust Bank | NONE | $66 | $27,524 | 2023 |