Plan Snapshot
- Plan Sponsor: Liter'S, INC.
- Sponsor EIN: 610543198
- Sponsor Address: 5918 HAUNZ LANE, LOUISVILLE, KY, 40241
- Plan Type: 401(k)
- Total Participants: 128
- Total Assets: $6.4M
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 | 128 | $6.4M | $185,322 | $285,644 |
| 2023 | 114 | $5.6M | $211,546 | $293,737 |
| 2022 | 117 | $5.0M | $181,686 | $251,121 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $26,145 | — | $26,145 |
| SORTINO ADVISORY PARTNERS, LLC | INVESTMENT ADVISORY | $19,997 | $3 | $20,000 |
| JONES, NALE & MATTINGLY | ACCOUNTANT | $14,300 | — | $14,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JONES, NALE & MATTINGLY — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,445
- Estimated Expense Ratio: 0.948% 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 | $60,440 | $19,997 | $26,145 | $14,298 | — |
| 2023 | $61,294 | $19,997 | $28,298 | $12,999 | — |
| 2022 | $46,237 | $19,998 | $26,239 | — | — |