Plan Snapshot
- Plan Sponsor: Laidig Systems, INC.
- Sponsor EIN: 351646796
- Sponsor Address: 14535 DRAGOON TRAIL, MISHAWAKA, IN, 46544
- Plan Type: 401(k)
- Total Participants: 112
- Total Assets: $28.1M
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 | 112 | $28.1M | $406,851 | $760,747 |
| 2023 | 101 | $24.4M | $345,320 | $625,150 |
| 2022 | 97 | $20.1M | $313,202 | $653,814 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $15,956 | $71 | $16,027 |
| INDIANA TRUST | Other Service Provider | $11,404 | — | $11,404 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,431
- Estimated Expense Ratio: 0.098% 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 | $27,360 | — | $15,956 | — | — |
| 2023 | $21,367 | — | $6,555 | — | — |
| 2022 | $11,178 | — | $9,248 | — | — |