# Axis Power LLC 401(k) Plan
Source: https://planprovider.pro/companies/axis-power-llc-401k-plan

> Axis Power LLC's 401(k) plan: 139 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Axis Power LLC

- **Sponsor EIN:** 853214446

- **Sponsor Address:** 4B BAYOUBRANDT, BEAUMONT, TX, 77706

- **Plan Type:** 401(k)

- **Total Participants:** 139

- **Total Assets:** $3.3M

## 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|139|$3.3M|$507,587|$899,643|

| 2023|190|$2.0M|$445,959|$749,801|

| 2022|109|$631,221|$141,140|$232,065|

## 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|

| DARRELL W. WATES, CPA, PC|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|$32,756|—|$32,756|—|—|

| 2023|—|—|—|—|—|

| 2022|—|—|—|—|—|

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