Plan Snapshot
- Plan Sponsor: Lovejoy Industries, INC.
- Sponsor EIN: 363536624
- Sponsor Address: 3610 COMMERCIAL AVE, NORTHBROOK, IL, 60062
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 136
- Total Assets: $4.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 136 | $4.4M | $0 | $0 |
| 2024 | 123 | $4.7M | $0 | $183,704 |
| 2023 | 117 | $4.0M | $0 | $219,131 |
| 2022 | 120 | $3.3M | $0 | $201,555 |
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 INSURANCE COMPANY O | Recordkeeper | $14,443 | — | $14,443 |
| MESIROW FINANCIAL INC | Investment Advisor | $10,976 | — | $10,976 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,419
- Estimated Expense Ratio: 0.581% 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 | $1,019,291 | $11,466 | — | — | — |
| 2024 | $98,028 | — | — | — | — |
| 2023 | $42,742 | — | — | — | — |
| 2022 | $17,914 | — | $17,914 | — | — |