Plan Snapshot
- Plan Sponsor: Covelli Family Limited Partnership
- Sponsor EIN: 650773817
- Sponsor Address: 3900 E MARKET ST, WARREN, OH, 444844708
- Plan Type: 401(k)
- Total Participants: 474
- Total Assets: $9.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 474 | $9.5M | $140,056 | $342,598 |
| 2023 | 484 | $8.7M | $176,663 | $335,567 |
| 2022 | 451 | $7.9M | $148,930 | $330,343 |
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 | $55,690 | — | $55,690 |
| HOBE & LUCAS, CPAS, INC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,690
- Estimated Expense Ratio: 0.588% 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 | $55,691 | — | $55,691 | — | — |
| 2023 | $44,745 | — | $44,745 | — | — |
| 2022 | $61,681 | — | $61,681 | — | — |