Plan Snapshot
- Plan Sponsor: American Electrical Contracting, INC.
- Sponsor EIN: 593653838
- Sponsor Address: 9016 PHILIPS HWY, JACKSONVILLE, FL, 322561306
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $3.2M
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 | 140 | $3.2M | $348,227 | $504,668 |
| 2023 | 115 | $2.7M | $217,142 | $401,903 |
| 2022 | 114 | $2.0M | $200,204 | $388,502 |
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 |
|---|---|---|---|---|
| ASSURANCE DIMENSIONS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ASSURANCE DIMENSIONS — Auditor
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 | $21,578 | — | $21,578 | — | — |
| 2023 | $17,484 | — | $17,484 | — | — |
| 2022 | $16,209 | — | $16,209 | — | — |