Plan Snapshot
- Plan Sponsor: Enterprise Welding & Fabricating, INC.
- Sponsor EIN: 341242223
- Sponsor Address: 6257 HEISLEY RD, MENTOR, OH, 440601858
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $7.1M
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 | 151 | $7.1M | $72,991 | $353,977 |
| 2023 | 145 | $6.5M | $61,758 | $344,411 |
| 2022 | 141 | $5.4M | $54,926 | $293,177 |
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 | Recordkeeper | $32,092 | — | $32,092 |
| ONEDIGITAL INVESTMENT ADVISORS | Investment Advisor | — | $13,102 | $13,102 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,194
- Estimated Expense Ratio: 0.633% 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 | $32,092 | — | $32,092 | — | — |
| 2023 | $27,176 | — | $27,176 | — | — |
| 2022 | $25,042 | — | $25,042 | — | — |