# Loram 401(k) Plan
Source: https://planprovider.pro/companies/loram-401k-plan

> Loram's 401(k) plan: 1,082 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|

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