Plan Snapshot
- Plan Sponsor: Loar Group INC.
- Sponsor EIN: 454104058
- Sponsor Address: 20 NEW KING ST, WHITE PLAINS, NY, 10604
- Plan Type: 401(k)
- Total Participants: 1,109
- Total Assets: $76.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 1,109 | $76.2M | $1.9M | $5.4M |
| 2023 | 926 | $64.8M | $1.5M | $4.2M |
| 2022 | 809 | $57.9M | $1.3M | $3.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $90,170 | — | $90,170 |
| EIDE BAILLY LLP | ACCOUNTANT/AUDITOR | $29,271 | — | $29,271 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $14,596 | — | $14,596 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- EIDE BAILLY LLP — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,037
- Estimated Expense Ratio: 0.176% 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 | $134,037 | $14,596 | — | $29,271 | — |
| 2023 | $140,751 | $13,744 | — | $25,750 | — |
| 2022 | $118,563 | $12,229 | — | — | — |