Plan Snapshot
- Plan Sponsor: Larson Texts, INC.
- Sponsor EIN: 251685733
- Sponsor Address: 1762 NORCROSS ROAD, ERIE, PA, 16510
- Plan Type: 401(k)
- Total Participants: 209
- Total Assets: $19.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 209 | $19.9M | $598,604 | $1.1M |
| 2023 | 199 | $17.6M | $565,013 | $1.0M |
| 2022 | 180 | $15.2M | $430,603 | $735,099 |
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 |
|---|---|---|---|---|
| MCGILL, POWER, BELL & ASSOCIATES | Auditor | $15,690 | — | $15,690 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,690
- Estimated Expense Ratio: 0.079% 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 | $63,876 | $44,842 | $3,344 | $15,690 | — |
| 2023 | $60,879 | $42,332 | $4,522 | $14,025 | — |
| 2022 | $59,179 | $43,354 | $3,425 | — | $12,400 |