Plan Snapshot
- Plan Sponsor: Loureiro Engineering Associates, INC.
- Sponsor EIN: 060918334
- Sponsor Address: 100 NORTHWEST DRIVE, PLAINVILLE, CT, 06062
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 312
- Total Assets: $26.6M
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 | 312 | $26.6M | $0 | $0 |
| 2024 | 163 | $25.3M | $558,693 | $1.2M |
| 2023 | 169 | $23.0M | $515,087 | $1.3M |
| 2022 | 179 | $20.5M | $507,555 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $37,979 | — | $37,979 |
| SMITH BROTHERS FINANCIAL LLC | Investment Advisor | $33,068 | — | $33,068 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $17,190 | — | $17,190 |
| SMITH BROTHERS FINANCIAL, LLC | Investment Advisor | — | $6,272 | $6,272 |
| PENSION CONSULTANTS, INC. | Other Service Provider | $1,380 | $4,583 | $5,963 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,472
- Estimated Expense Ratio: 0.378% 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 | $5,461,605 | — | — | — | — |
| 2024 | $73,837 | — | — | — | — |
| 2023 | $55,602 | — | — | — | — |
| 2022 | $65,757 | — | — | — | $65,757 |