Plan Snapshot
- Plan Sponsor: Cleveland Tile Layers Industry
- Sponsor EIN: 346707499
- Sponsor Address: 9525 SWEET VALLEY DRIVE, VALLEY VIEW, OH, 44125
- Plan Type: DC
- Total Participants: 131
- Total Assets: $12.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 131 | $12.4M | $738,206 | $0 |
| 2023 | 118 | $10.8M | $633,279 | $0 |
| 2022 | 111 | $9.2M | $628,568 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $51,250 | — | $51,250 |
| CLEVELAND TILE LAYER PENSION FUND | RECORDKEEPER/BOOKKEEPER | $44,995 | — | $44,995 |
| MORGAN STANLEY SMITH BARNEY LLC | OTHER SERVICES | — | $21,649 | $21,649 |
| LOCAL 23-BRICKLAYERS & ALLIED CRAFT | CONTRACT ADMINISTRATOR | $12,817 | — | $12,817 |
| TRAMER AND BOLBACH, INC. | AUDITOR | $12,000 | — | $12,000 |
| TRAMER & BOLBACH, INC. | Auditor | $12,000 | — | $12,000 |
| CBIZ BENEFITS & INSURANCE SERVICES | OTHER SERVICES | — | $11,752 | $11,752 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — OTHER SERVICES
- TRAMER & BOLBACH, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $166,463
- Estimated Expense Ratio: 1.342% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $47,371 | — | $12,817 | $12,000 | — |
| 2023 | $50,334 | — | $16,554 | $10,000 | — |
| 2022 | $80,269 | — | — | — | $12,956 |