Plan Snapshot
- Plan Sponsor: Loftin Equipment Company
- Sponsor EIN: 860041520
- Sponsor Address: 1220 NORTH 52ND STREET, PHOENIX, AZ, 85008
- Plan Type: 401(k)
- Total Participants: 191
- Total Assets: $12.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 191 | $12.0M | $716,195 | $1.2M |
| 2023 | 210 | $10.7M | $715,509 | $1.2M |
| 2022 | 212 | $9.6M | $580,656 | $922,706 |
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 |
|---|---|---|---|---|
| POPEWALLER, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $103,104 | $42,009 | $56,895 | — | — |
| 2023 | $78,471 | $35,567 | $41,654 | — | — |
| 2022 | $30,409 | — | — | — | — |