Plan Snapshot
- Plan Sponsor: Altimate Electric, LLC.
- Sponsor EIN: 522054949
- Sponsor Address: 2401 BACK ACRE CIRCLE, MT. AIRY, MD, 21771
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 154
- Total Assets: $11.5M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 154 | $11.5M | $0 | $0 |
| 2024 | 108 | $9.5M | $579,716 | $506,749 |
| 2023 | 102 | $8.4M | $529,343 | $493,733 |
| 2022 | 93 | $7.4M | $488,454 | $440,769 |
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 |
|---|---|---|---|---|
| SMITH ELLIOTT KEARNS & COMPANY, LLC | 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 |
|---|---|---|---|---|---|
| 2025 | $1,259,550 | — | $51,348 | — | — |
| 2024 | $56,748 | — | $45,766 | — | — |
| 2023 | $65,116 | $19,446 | $30,161 | — | — |
| 2022 | $65,465 | $65,465 | — | — | — |