Local Initiatives Support 401(k) match, vesting and fees
What Local Initiatives Support's 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 | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 352 defined-contribution plans in other services with 500 to 999 participants.
| Local Initiatives Support: employer contribution per participant | $910 | |
| Peer median | $1,775 |
| Local Initiatives Support: average balance | $97,942 | |
| Peer median | $48,211 |
| Local Initiatives Support: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.25% |
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 $63.5M at the end of plan year 2021 to $77.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 850 | $77.7M | $722K | $910 | 0.10% | Not published | Form 5500 ↗ |
| 2023 | 863 | $66.7M | $664K | $853 | 0.12% | Not published | Form 5500 ↗ |
| 2022 | 851 | $53.2M | $596K | $778 | 0.13% | Not published | Form 5500 ↗ |
| 2021 | 838 | $63.5M | $525K | $684 | 0.12% | Not published | Form 5500 ↗ |
Other Local Initiatives Support plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Local Initiatives Support Corporation Tax Sheltered Annuity 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.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Common questions
Does Local Initiatives Support match 401(k) contributions?
The match terms for the Local Initiatives Support Corporation 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $722K in employer contributions, about $910 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Local Initiatives Support 401(k) match vested?
The vesting schedule for the Local Initiatives Support Corporation 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Local Initiatives Support 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Local Initiatives Support Corporation.
I left Local Initiatives Support. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Local Initiatives Support Corporation, (212) 455-9800) or the recordkeeper, The Vanguard Group, Inc.. The Local Initiatives Support old 401(k) page lists the contacts from every plan filing. Find an old Local Initiatives Support 401(k)
Data from the public Form 5500 annual reports Local Initiatives Support filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) 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 Local Initiatives Support. Not financial advice. Report a correction · Methodology