Plan Snapshot
- Plan Sponsor: Lightning Emotors, INC
- Sponsor EIN: 844605714
- Sponsor Address: 815 14TH ST SW UNIT A100, LOVELAND, CO, 805376479
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 167
- Total Assets: $7.5M
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. |
|---|---|---|---|---|
| 2023 | 167 | $7.5M | $1.0M | $1.9M |
| 2022 | 248 | $5.1M | $825,176 | $1.6M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $33,522 | $22 | $33,544 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $22,032 | — | $22,032 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,576
- Estimated Expense Ratio: 0.741% 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 |
|---|---|---|---|---|---|
| 2023 | $55,554 | $22,032 | $33,522 | — | — |
| 2022 | $29,014 | $11,630 | $17,384 | — | — |