Plan Snapshot
- Plan Sponsor: Locus Management
- Sponsor EIN: 384038952
- Sponsor Address: 30600 AURORA RD STE 180, SOLON, OH, 44129
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $4.0M
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. |
|---|---|---|---|---|
| 2023 | 87 | $4.0M | $377,636 | $848,157 |
| 2022 | 128 | $2.7M | $319,051 | $700,815 |
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 |
|---|---|---|---|---|
| 401K ADVISORS INC | INVESTMENT/FINANCIAL ADVI | $29,796 | — | $29,796 |
| ADP, INC. | RECORD KEEPER | $6,040 | — | $6,040 |
| DAMICO WAWRIN & COMPANY CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 401K ADVISORS INC — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- DAMICO WAWRIN & COMPANY CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,836
- Estimated Expense Ratio: 0.896% 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 | $17,919 | $14,898 | — | — | — |
| 2022 | $11,981 | — | — | — | — |