Plan Snapshot
- Plan Sponsor: Lumitex, LLC
- Sponsor EIN: 843879573
- Sponsor Address: 6611 W SNOWVILLE RD, BRECKSVILLE, OH, 44141
- Plan Type: 401(k)
- Total Participants: 80
- Total Assets: $8.4M
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 | 80 | $8.4M | $118,294 | $499,091 |
| 2023 | 86 | $7.4M | $131,181 | $498,743 |
| 2022 | 94 | $6.5M | $113,365 | $483,865 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $46,807 | — | $46,807 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | — | $18,465 | $18,465 |
| D'AMICO WAWRIN & COMPANY CPAS LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
- D'AMICO WAWRIN & COMPANY CPAS LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,272
- Estimated Expense Ratio: 0.777% 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 | $46,807 | — | $46,807 | — | — |
| 2023 | $40,758 | — | $40,758 | — | — |
| 2022 | $37,542 | — | $37,542 | — | — |