Plan Snapshot
- Plan Sponsor: Third Federal Savings And Loan Association Of Cleveland
- Sponsor EIN: 340573493
- Sponsor Address: 7007 BROADWAY AVE, CLEVELAND, OH, 441051490
- Plan Type: 401(k)
- Total Participants: 927
- Total Assets: $204.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 927 | $204.6M | $3.0M | $4.8M |
| 2023 | 973 | $194.0M | $4.5M | $5.6M |
| 2022 | 1,021 | $164.9M | $4.2M | $5.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $223,052 | — | $223,052 |
| CBIZ INVESTMENT ADVISORY SERVICES, | INVESTMENT MANAGEMENT | $73,792 | $91,166 | $164,958 |
| MEADEN & MOORE | ACCOUNTANT | $22,000 | $22,000 | $44,000 |
| THOMPSON HINE | LEGAL | — | $23,175 | $23,175 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MEADEN & MOORE — ACCOUNTANT
- THOMPSON HINE — LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $455,185
- Estimated Expense Ratio: 0.223% 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 | $223,052 | — | $223,052 | — | — |
| 2023 | $198,454 | — | $198,454 | — | — |
| 2022 | $189,961 | — | $189,961 | — | — |