Plan Snapshot
- Plan Sponsor: United Initiators, INC.
- Sponsor EIN: 522276606
- Sponsor Address: 555 GARDEN STREET, ELYRIA, OH, 44035
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $22.3M
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 | 150 | $22.3M | $1.1M | $746,570 |
| 2023 | 148 | $21.0M | $920,842 | $732,268 |
| 2022 | 146 | $17.8M | $860,720 | $753,605 |
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 |
|---|---|---|---|---|
| MMA SECURITIES | ADVISOR | $44,835 | — | $44,835 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $6,779 | — | $6,779 |
| BOWMAN & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BOWMAN & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,614
- Estimated Expense Ratio: 0.231% 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 | $51,614 | $44,835 | — | — | — |
| 2023 | $50,222 | $42,044 | — | — | — |
| 2022 | $46,003 | — | — | — | — |