Plan Snapshot
- Plan Sponsor: Area Energy & Electric, INC.
- Sponsor EIN: 341403836
- Sponsor Address: 2001 COMMERCE DRIVE, SIDNEY, OH, 45365
- Plan Type: 401(k)
- Total Participants: 352
- Total Assets: $38.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 352 | $38.6M | $0 | $0 |
| 2024 | 356 | $34.0M | $0 | $0 |
| 2023 | 350 | $28.9M | $0 | $0 |
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 |
|---|---|---|---|---|
| FLAGEL HUBER FLAGEL & CO | Auditor | $12,800 | — | $12,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FLAGEL HUBER FLAGEL & CO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,800
- Estimated Expense Ratio: 0.033% 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 |
|---|---|---|---|---|---|
| 2025 | $51,101 | $37,186 | — | $12,800 | — |
| 2024 | $44,259 | $31,087 | — | $12,000 | — |
| 2023 | $39,638 | $38,448 | $1,190 | — | — |