Plan Snapshot
- Plan Sponsor: Leco Corporation
- Sponsor EIN: 380738518
- Sponsor Address: 3000 LAKEVIEW AVENUE, ST. JOSEPH, MI, 490852396
- Plan Type: 401(k)
- Total Participants: 807
- Total Assets: $154.2M
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 | 807 | $154.2M | $3.0M | $5.2M |
| 2023 | 784 | $140.2M | $2.7M | $4.9M |
| 2022 | 729 | $127.8M | $2.5M | $4.4M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INS AND ANNUITY CO. | Other Service Provider | $223,688 | $1,071 | $224,759 |
| STIFEL, NICOLAUS & CO. | Investment Advisor | $68,250 | — | $68,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STIFEL, NICOLAUS & CO. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $293,009
- Estimated Expense Ratio: 0.190% 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 | $291,938 | $68,250 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $158,644 | $158,644 | — | — | — |