# Covelli Enterprises, INC. 401(k) Plan
Source: https://planprovider.pro/companies/covelli-enterprises-inc-401k-plan

> Covelli Enterprises, INC.'s 401(k) plan: 1,903 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/equitable) — 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|—|—|

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