Plan Snapshot
- Plan Sponsor: The Shipyard, LLC
- Sponsor EIN: 815192423
- Sponsor Address: 4030 EASTON STATION, SUITE 300, COLUMBUS, OH, 43219
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 475
- Total Assets: $25.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 475 | $25.3M | $0 | $0 |
| 2024 | 290 | $18.1M | $1.0M | $2.4M |
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 |
|---|---|---|---|---|
| CPI QUALIFIED PLAN CONSULTANTS, INC | Recordkeeper | $36,222 | — | $36,222 |
| SHAFFER CAPITAL ADVISERS, LLC | Investment Advisor | $28,968 | — | $28,968 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,190
- Estimated Expense Ratio: 0.257% 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 |
|---|---|---|---|---|---|
| 2025 | $1,561,589 | — | — | — | — |
| 2024 | $71,177 | $71,177 | — | — | — |