Plan Snapshot
- Plan Sponsor: Liebherr Mining & Construction
- Sponsor EIN: 540885749
- Sponsor Address: 4800 CHESTNUT AVENUE, NEWPORT NEWS, VA, 23607
- Plan Type: 401(k)
- Total Participants: 1,731
- Total Assets: $264.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,731 | $264.3M | $9.2M | $13.7M |
| 2023 | 1,556 | $223.2M | $8.1M | $12.1M |
| 2022 | 1,354 | $181.5M | $6.9M | $10.5M |
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 |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS LLC | SERVICE PROVIDER | — | $74,780 | $74,780 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $58,114 | — | $58,114 |
| LIEBHERR-AMERICA, INC | SERVICE PROVIDER | $17,325 | — | $17,325 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $9,436 | $280 | $9,716 |
| MORNINGSTAR INVESTMENT MANAGEMENT | SERVICE PROVIDER | $9,286 | — | $9,286 |
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $169,221
- Estimated Expense Ratio: 0.064% 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 | $388,794 | $95,005 | $291,039 | — | — |
| 2023 | $303,099 | $65,000 | $236,149 | — | — |
| 2022 | $261,495 | — | — | — | — |