Plan Snapshot
- Plan Sponsor: Libra Industries
- Sponsor EIN: 834658575
- Sponsor Address: 7770 DIVISION DRIVE, MENTOR, OH, 44060
- Plan Type: 401(k)
- Total Participants: 295
- Total Assets: $20.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 295 | $20.2M | $223,848 | $1.1M |
| 2023 | 295 | $19.4M | $219,375 | $1.1M |
| 2022 | 320 | $17.0M | $233,784 | $1.2M |
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 |
|---|---|---|---|---|
| PLANTE MORAN | 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 | $7,850 | — | $6,100 | — | — |
| 2023 | $5,250 | — | $4,250 | — | — |
| 2022 | $7,433 | — | — | — | — |