Plan Snapshot
- Plan Sponsor: Art'S Electric, INC.
- Sponsor EIN: 610716938
- Sponsor Address: 210 COMMERCE BLVD, FRANKFORT, KY, 406012209
- Plan Type: 401(k)
- Total Participants: 172
- Total Assets: $11.1M
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 | 172 | $11.1M | $175,619 | $437,844 |
| 2023 | 158 | $8.8M | $168,470 | $392,345 |
| 2022 | 167 | $6.8M | $165,426 | $384,507 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | 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 | $54,960 | $44,864 | — | — | — |
| 2023 | $56,910 | $33,365 | $23,545 | — | — |
| 2022 | $49,193 | — | — | — | $49,193 |