Plan Snapshot
- Plan Sponsor: Open Loop Energy, INC.
- Sponsor EIN: 860701324
- Sponsor Address: 1722 N 8TH AVE, SAFFORD, AZ, 85546
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $9.1M
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 | 166 | $9.1M | $428,531 | $947,430 |
| 2023 | 183 | $7.1M | $445,852 | $884,891 |
| 2022 | 170 | $6.0M | $197,642 | $662,310 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $38,326 | — | $38,326 |
| PFG ADVISORS, LLC | INVESTMENT/FINANCIAL ADVI | $28,542 | — | $28,542 |
| BAS PARTNERS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- PFG ADVISORS, LLC — INVESTMENT/FINANCIAL ADVI
- BAS PARTNERS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,868
- Estimated Expense Ratio: 0.733% 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 | $66,868 | $28,542 | — | — | — |
| 2023 | $55,960 | $22,089 | — | — | — |
| 2022 | $48,577 | — | — | — | — |