Plan Snapshot
- Plan Sponsor: Barron Heating & Air Conditioning, INC.
- Sponsor EIN: 910894883
- Sponsor Address: 5100 PACIFIC HIGHWAY, SUITE 103, FERNDALE, WA, 98248
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $10.7M
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. |
|---|---|---|---|---|
| 2024 | 170 | $10.7M | $211,346 | $995,729 |
| 2023 | 190 | $9.8M | $235,662 | $1.1M |
| 2022 | 194 | $7.2M | $210,434 | $1.0M |
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 |
|---|---|---|---|---|
| PENSION PLAN SPECIALISTS, PC | Recordkeeper | $6,150 | — | $6,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,150
- Estimated Expense Ratio: 0.058% 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 |
|---|---|---|---|---|---|
| 2024 | $6,840 | — | $6,840 | — | — |
| 2023 | $3,120 | — | $3,120 | — | — |
| 2022 | $3,267 | — | $3,267 | — | — |