Plan Snapshot
- Plan Sponsor: Bergelectric Corporation
- Sponsor EIN: 951459684
- Sponsor Address: 3182 LIONSHEAD AVE., CARLSBAD, CA, 92010
- Plan Type: 401(k)
- Total Participants: 2,434
- Total Assets: $168.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 2,434 | $168.7M | $3.7M | $15.2M |
| 2023 | 2,485 | $149.3M | $3.7M | $13.8M |
| 2022 | 2,349 | $124.5M | $3.9M | $13.1M |
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 |
|---|---|---|---|---|
| LAVINE LOFGREN MORRIS & ENGELBERG | 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 | $462,177 | $370,490 | — | — | — |
| 2023 | $402,962 | $314,999 | — | — | — |
| 2022 | $390,229 | — | — | — | — |