Robert L. Lipton Inc.401(k)
ROBERT L. LIPTON INC. DBA LIPTON TOYOTA 401(K) PROFIT SHARING PLAN · OAKLAND PARK, FL · plan year 2024
Robert L. Lipton Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $9,489,968 across 126 participant accounts, with employer contributions averaging $3,062 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (1,841st of 3,644), and 2,734th of 5,215 in retail trade. In 2024, employees put in $1.07 for every $1.00 the employer contributed; active participation has shrunk from 147 to 107 since 2022.
Robert L. Lipton Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 650131357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.