# Covelli Family Limited Partnership 401(k) Plan
Source: https://planprovider.pro/companies/covelli-family-limited-partnership-401k-plan

> Covelli Family Limited Partnership's 401(k) plan: 474 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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