# Spitzer Management, INC. 401(k) Plan
Source: https://planprovider.pro/companies/spitzer-management-inc-401k-plan

> Spitzer Management, INC.'s 401(k) plan: 765 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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