Plan Snapshot
- Plan Sponsor: L2 Brands, LLC
- Sponsor EIN: 813210094
- Sponsor Address: 300 FAME AVENUE, HANOVER, PA, 17331
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 488
- Total Assets: $22.7M
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. |
|---|---|---|---|---|
| 2025 | 488 | $22.7M | $0 | $0 |
| 2024 | 389 | $18.9M | $660,263 | $1.5M |
| 2023 | 363 | $14.7M | $598,609 | $1.2M |
| 2022 | 375 | $12.3M | $559,939 | $1.3M |
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 | $116,498 | — | $116,498 |
| STONEBRIDGE FINANCIAL GROUP | Investment Advisor | — | $44,340 | $44,340 |
| PA RETIREMENT SOLUTIONS, INC. | Recordkeeper | $8,910 | $9,739 | $18,649 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $179,487
- Estimated Expense Ratio: 0.791% 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 |
|---|---|---|---|---|---|
| 2025 | $2,179,426 | — | $125,387 | — | — |
| 2024 | $104,265 | — | $104,265 | — | — |
| 2023 | $82,652 | — | $82,652 | — | — |
| 2022 | $73,522 | — | $73,522 | — | — |