Plan Snapshot
- Plan Sponsor: Fit Technologies, LLC
- Sponsor EIN: 341907582
- Sponsor Address: 1375 EUCLID AVE, CLEVELAND, OH, 441151808
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $4.7M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 141 | $4.7M | $100,893 | $598,101 |
| 2023 | 152 | $4.2M | $100,533 | $590,579 |
| 2022 | 149 | $4.0M | $91,374 | $583,756 |
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 | $40,153 | — | $40,153 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | — | $23,622 | $23,622 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,775
- Estimated Expense Ratio: 1.344% 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 | $40,154 | — | $40,154 | — | — |
| 2023 | $34,164 | — | $34,164 | — | — |
| 2022 | $37,051 | — | $37,051 | — | — |