# Beacon Electric Company 401(k) Plan
Source: https://planprovider.pro/companies/beacon-electric-company-401k-plan

> Beacon Electric Company's 401(k) plan: 115 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Beacon Electric Company

- **Sponsor EIN:** 311058353

- **Sponsor Address:** 7815 REDSKY DRIVE, CINCINNATI, OH, 45249

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

- **Total Participants:** 115

- **Total Assets:** $9.7M

## 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|115|$9.7M|$192,878|$689,843|

| 2023|114|$8.5M|$105,320|$609,510|

| 2022|105|$8.4M|$148,269|$598,611|

## 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|

| MATTHEW J. SCARR, CPA LLC|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|$65,807|$42,721|—|—|—|

| 2023|$57,331|$38,301|—|—|—|

| 2022|$37,543|—|$37,543|—|—|

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