Plan Snapshot
- Plan Sponsor: Covelli Enterprises, INC.
- Sponsor EIN: 341724212
- Sponsor Address: 3900 E MARKET ST, WARREN, OH, 444844632
- Plan Type: 401(k)
- Total Participants: 1,903
- Total Assets: $56.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,903 | $56.4M | $2.2M | $3.7M |
| 2023 | 2,289 | $49.8M | $2.1M | $3.5M |
| 2022 | 2,189 | $41.7M | $2.5M | $3.1M |
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 | $291,121 | — | $291,121 |
| EQUITABLE ADVISORS, LLC. | OTHER SERVICES | — | $18,381 | $18,381 |
| EQUITABLE NETWORK LLC | OTHER SERVICES | — | $17,119 | $17,119 |
| HOBE & LUCAS, CPAS, INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EQUITABLE NETWORK LLC — OTHER SERVICES
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $326,621
- Estimated Expense Ratio: 0.579% 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 | $291,121 | — | $291,121 | — | — |
| 2023 | $264,536 | — | $264,536 | — | — |
| 2022 | $387,087 | — | $387,087 | — | — |