Plan Snapshot
- Plan Sponsor: A & B Electric Company, INC.
- Sponsor EIN: 640560393
- Sponsor Address: 1020 D STREET, MERIDIAN, MS, 39301
- Plan Type: 401(k)
- Total Participants: 40
- Total Assets: $6.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 40 | $6.8M | $156,027 | $307,330 |
| 2023 | 44 | $6.4M | $172,629 | $320,546 |
| 2022 | 61 | $6.1M | $192,017 | $371,252 |
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 |
|---|---|---|---|---|
| SWAIN, COLLINS, & NAPP, P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $10 | — | — | — | — |
| 2023 | $10 | — | — | — | — |
| 2022 | $10 | — | — | — | $10 |