Plan Snapshot
- Plan Sponsor: Liberty Electronics, INC.
- Sponsor EIN: 251495476
- Sponsor Address: 189 HOWARD STREET, FRANKLIN, PA, 16323
- Plan Type: 401(k)
- Total Participants: 371
- Total Assets: $12.9M
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 | 371 | $12.9M | $141,194 | $752,797 |
| 2023 | 338 | $10.8M | $41,505 | $650,008 |
| 2022 | 315 | $9.4M | $57,425 | $597,868 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $30,848 | — | $30,848 |
| EDWARD D. JONES & CO., L.P. | INVESTMENT ADVISOR | $18,139 | — | $18,139 |
| MCGILL, POWER, BELL & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,987
- Estimated Expense Ratio: 0.380% 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 | $52,935 | $20,557 | $30,848 | — | — |
| 2023 | $45,037 | $17,002 | $26,110 | — | — |
| 2022 | $43,141 | $16,060 | $24,056 | — | — |