Plan Snapshot
- Plan Sponsor: Spitzer Management, INC.
- Sponsor EIN: 340795747
- Sponsor Address: 150 EAST BRIDGE STREET, ELYRIA, OH, 440355219
- Plan Type: 401(k)
- Total Participants: 765
- Total Assets: $106.6M
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 | 765 | $106.6M | $2.4M | $3.3M |
| 2023 | 744 | $89.2M | $2.2M | $3.0M |
| 2022 | 617 | $76.8M | $1.9M | $2.7M |
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 |
|---|---|---|---|---|
| SPIRA BENEFITS, LLC | N/A | $179,005 | — | $179,005 |
| FIRST NATIONAL BANK | N/A | $108,284 | — | $108,284 |
| STRATEGIC WEALTH PARTNERS | N/A | $75,000 | — | $75,000 |
| HOBE & LUCAS, CPA'S | N/A | $20,900 | — | $20,900 |
| SOMERS AGENCY | N/A | $6,809 | — | $6,809 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $389,998
- Estimated Expense Ratio: 0.366% 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 | $396,114 | $183,284 | — | $20,900 | — |
| 2023 | $401,372 | $188,365 | — | $19,000 | — |
| 2022 | $369,389 | $183,124 | $143,543 | — | $34,334 |