Plan Snapshot
- Plan Sponsor: Romanoff Electric, INC.
- Sponsor EIN: 311020367
- Sponsor Address: 977 GAHANNA PARKWAY, GAHANNA, OH, 432306625
- Plan Type: 401(k)
- Total Participants: 947
- Total Assets: $15.3M
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 | 947 | $15.3M | $0 | $2.6M |
| 2023 | 786 | $11.8M | $0 | $2.1M |
| 2022 | 649 | $9.1M | $0 | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $126,225 | — | $126,225 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $40,017 | $39 | $40,056 |
| BRADY WARE & SCHOENFELD, INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BRADY WARE & SCHOENFELD, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $166,281
- Estimated Expense Ratio: 1.086% 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 | $166,242 | $20,009 | $126,224 | — | — |
| 2023 | $121,522 | $14,683 | $92,156 | — | — |
| 2022 | $111,404 | $12,994 | $85,416 | — | $12,994 |