Plan Snapshot
- Plan Sponsor: Loram
- Sponsor EIN: 410950401
- Sponsor Address: PO BOX 188, HAMEL, MN, 55340
- Plan Type: 401(k)
- Total Participants: 1,082
- Total Assets: $167.8M
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 | 1,082 | $167.8M | $8.6M | $8.1M |
| 2023 | 1,100 | $147.7M | $6.6M | $7.5M |
| 2022 | 1,095 | $124.7M | $6.0M | $6.7M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $18,072 | — | $18,072 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,072
- Estimated Expense Ratio: 0.011% 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 | $192,423 | $96,118 | $1,800 | $18,072 | — |
| 2023 | $177,951 | $80,525 | $1,200 | — | — |
| 2022 | $194,847 | $34,223 | — | — | — |