L&M Development Partners 401(k) match, vesting and fees
What L&M Development Partners' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock New York | Schedule C ↗ |
| Independent auditor | Lipsky, Goodkin & Co., P.C. (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 228 defined-contribution plans in real estate and rental and leasing with 500 to 999 participants.
| L&M Development Partners: employer contribution per participant | $4,267 | |
| Peer median | $1,449 |
| L&M Development Partners: average balance | $170,534 | |
| Peer median | $44,821 |
| L&M Development Partners: admin expenses ÷ assets | 0.20% | |
| Peer median | 0.36% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $57.7M at the end of plan year 2021 to $90M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 646 | $90M | $2.3M | $4,267 | 0.20% | Not published | Form 5500 ↗ |
| 2023 | 608 | $86.8M | $2M | $3,965 | 0.20% | Not published | Form 5500 ↗ |
| 2022 | 512 | $73.3M | $1.4M | $3,088 | 0.21% | Not published | Form 5500 ↗ |
| 2021 | 457 | $57.7M | $0 | $0 | 0.24% | Not published | Form 5500 ↗ |
Other L&M Development Partners plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
L&M Development Partners, Inc. Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Profit-sharing · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does L&M Development Partners match 401(k) contributions?
The match terms for the L&M Development Partners LLC 401k Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $2.3M in employer contributions, about $4,267 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the L&M Development Partners 401(k) match vested?
The vesting schedule for the L&M Development Partners LLC 401k Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the L&M Development Partners 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock New York. The plan administrator is L&M Development Partners LLC.
I left L&M Development Partners. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (L&M Development Partners LLC, (914) 833-3000) or the recordkeeper, John Hancock New York. The L&M Development Partners old 401(k) page lists the contacts from every plan filing. Find an old L&M Development Partners 401(k)
Data from the public Form 5500 annual reports L&M Development Partners filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with L&M Development Partners. Not financial advice. Report a correction · Methodology