Plan Snapshot
- Plan Sponsor: Lock Joint Tube LLC
- Sponsor EIN: 202023920
- Sponsor Address: 2722 W TUCKER DRIVE, SOUTH BEND, IN, 46614
- Plan Type: 401(k)
- Plan Number: 004
- Total Participants: 210
- Total Assets: $12.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 210 | $12.8M | $0 | $0 |
| 2024 | 190 | $13.2M | $330,698 | $359,351 |
| 2023 | 157 | $12.2M | $332,993 | $348,557 |
| 2022 | 199 | $11.9M | $314,224 | $325,747 |
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 |
|---|---|---|---|---|
| PNC INSTITUTIONAL ASSET MANGEMENT | Investment Advisor | $23,782 | — | $23,782 |
| KRUGGEL, LAWTON, & COMPANY, LLC | Auditor | $15,000 | — | $15,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $14,066 | — | $14,066 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,848
- Estimated Expense Ratio: 0.413% 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 |
|---|---|---|---|---|---|
| 2025 | $2,608,611 | $989 | — | $15,000 | — |
| 2024 | $67,625 | $201 | — | — | — |
| 2023 | -$22,086 | — | — | — | — |
| 2022 | $42,805 | $10,399 | $3,342 | — | $10,500 |