Plan Snapshot
- Plan Sponsor: Lloyd, INC.
- Sponsor EIN: 420837233
- Sponsor Address: 604 W. THOMAS AVENUE, SHENANDOAH, IA, 51601
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $11.0M
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 | 107 | $11.0M | $256,032 | $580,907 |
| 2023 | 98 | $9.9M | $230,336 | $534,406 |
| 2022 | 112 | $7.9M | $234,234 | $555,356 |
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 |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | NONE | $35,660 | — | $35,660 |
| NEWPORT GROUP, INC. | NONE | $5,130 | — | $5,130 |
| HUTCHINS & HAAKE, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — NONE
- HUTCHINS & HAAKE, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,790
- Estimated Expense Ratio: 0.370% 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 | $43,266 | $38,136 | $5,130 | — | — |
| 2023 | $35,808 | $27,204 | $8,604 | — | — |
| 2022 | $42,265 | $30,064 | $12,201 | — | — |