Plan Snapshot
- Plan Sponsor: Adec, INC.
- Sponsor EIN: 351060633
- Sponsor Address: 1671 W. VISTULA ST, BRISTOL, IN, 465078793
- Plan Type: 403(b)
- Total Participants: 314
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 314 | $4.8M | $162,000 | $402,943 |
| 2023 | 300 | $4.2M | $154,170 | $376,585 |
| 2022 | 196 | $4.0M | $145,196 | $331,891 |
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 | $43,286 | — | $43,286 |
| SHEPHERD FINANCIAL INVESTMENT ADVIS | INVESTMENT ADVISORY | — | $10,382 | $10,382 |
| HORIZON CPA SERVICES, INC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SHEPHERD FINANCIAL INVESTMENT ADVIS — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,668
- Estimated Expense Ratio: 1.121% 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 | $43,116 | — | $43,116 | — | — |
| 2023 | $38,341 | — | $38,341 | — | — |
| 2022 | $17,870 | — | $17,870 | — | — |