Plan Snapshot
- Plan Sponsor: The Loeb Electric Company
- Sponsor EIN: 314236750
- Sponsor Address: 1800 E. FIFTH AVE., COLUMBUS, OH, 43219
- Plan Type: 401(k)
- Total Participants: 339
- Total Assets: $22.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 339 | $22.9M | $431,736 | $1.3M |
| 2023 | 307 | $20.4M | $463,042 | $1.2M |
| 2022 | 267 | $17.2M | $442,496 | $1.0M |
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 |
|---|---|---|---|---|
| MML INVESTOR SERVICES LLC | ADVISOR | $39,439 | — | $39,439 |
| FIDELITY WORKPLACE SERVICES, LLC | PLAN ADMINISTRATOR | $9,407 | — | $9,407 |
| NERONE CLLB AND ASSOCIATES LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,846
- Estimated Expense Ratio: 0.213% 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 | $48,846 | $39,439 | $1,270 | — | — |
| 2023 | $41,038 | $37,837 | $495 | — | — |
| 2022 | $40,366 | — | — | — | — |