# The Loeb Electric Company 401(k) Plan
Source: https://planprovider.pro/companies/the-loeb-electric-company-401k-plan

> The Loeb Electric Company&#39;s 401(k) plan: 339 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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