Plan Snapshot
- Plan Sponsor: Principle Business Enterprises, INC.
- Sponsor EIN: 340894745
- Sponsor Address: 20189 PINE LAKE RD., DUNBRIDGE, OH, 43414
- Plan Type: 401(k)
- Total Participants: 289
- Total Assets: $25.2M
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 | 289 | $25.2M | $718,321 | $1.9M |
| 2023 | 299 | $24.7M | $719,964 | $1.8M |
| 2022 | 318 | $23.2M | $802,977 | $1.8M |
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 |
|---|---|---|---|---|
| VENTURE VISIONARY PARTNERS LLC | Investment Advisor | $59,434 | — | $59,434 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $40,940 | — | $40,940 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,374
- Estimated Expense Ratio: 0.399% 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 | $100,374 | $59,434 | — | — | — |
| 2023 | $96,975 | $57,612 | — | — | — |
| 2022 | $97,025 | — | $97,025 | — | — |