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

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20233,322H, C20241015145259NAL0014888707001
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
Money in vs. money out
Total income / additions$21.7M
Total expenses$8.8M
Benefits paid / distributions$8.6M
Contributions
Employer$787.5K
Participant$6.6M
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.

Contribution share (employer vs. participant)
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)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Milliman, Inc.NONE$266,166not reported in the loaded dataset2023
Chares Schwab Trust BankNONE$66$27,5242023

Related Form 5500 pages