Plan Snapshot
- Plan Sponsor: Bates Electric, INC.
- Sponsor EIN: 592514390
- Sponsor Address: 7901 HOPI PL, TAMPA, FL, 33634
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $6.5M
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 | 150 | $6.5M | $306,056 | $589,800 |
| 2023 | 150 | $5.2M | $279,136 | $561,997 |
| 2022 | 137 | $4.0M | $202,953 | $426,785 |
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 |
|---|---|---|---|---|
| FRSCPA PLLC | 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 | $55,918 | $31,277 | — | — | — |
| 2023 | $41,518 | $23,710 | — | — | — |
| 2022 | $39,926 | $21,091 | $18,835 | — | — |