Plan Snapshot
- Plan Sponsor: Layerzero Power Systems, INC.
- Sponsor EIN: 341951447
- Sponsor Address: 1500 DANNER DRIVE, AURORA, OH, 44202
- Plan Type: 401(k)
- Total Participants: 234
- Total Assets: $5.6M
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 | 234 | $5.6M | $313,255 | $647,717 |
| 2023 | 132 | $4.2M | $226,440 | $459,156 |
| 2022 | 95 | $3.4M | $325,310 | $377,965 |
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 |
|---|---|---|---|---|
| CORRIGAN KRAUSE | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $35,820 | $18,818 | $17,002 | — | — |
| 2023 | $33,515 | $16,596 | $16,919 | — | — |
| 2022 | $31,708 | $16,701 | $15,007 | — | — |