Plan Snapshot
- Plan Sponsor: Truland Equipment, LLC
- Sponsor EIN: 932065470
- Sponsor Address: 10305 LIBERTY UNION ROAD, VAN WERT, OH, 45891
- Plan Type: DC
- Total Participants: 460
- Total Assets: $44.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 460 | $44.7M | $1.2M | $2.2M |
| 2023 | 448 | $39.6M | $827,472 | $1.5M |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | SERVICE PROVIDER | $133,389 | — | $133,389 |
| COMMONWEALTH FINANCIAL NETWORK | ADVISOR | $69,732 | — | $69,732 |
| REA & ASSOCIATES, INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — SERVICE PROVIDER
- COMMONWEALTH FINANCIAL NETWORK — ADVISOR
- REA & ASSOCIATES, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $203,121
- Estimated Expense Ratio: 0.454% 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 | $203,121 | $69,732 | $133,389 | — | — |
| 2023 | $109,327 | $55,935 | $53,392 | — | — |