# Bates Electric, INC. 401(k) Plan
Source: https://planprovider.pro/companies/bates-electric-inc-401k-plan

> Bates Electric, INC.'s 401(k) plan: 150 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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