Plan Snapshot
- Plan Sponsor: Bixby Electric, INC.
- Sponsor EIN: 850362683
- Sponsor Address: 521 WHEELER AVENUE SE, ALBUQUERQUE, NM, 87102
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $5.9M
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 | 109 | $5.9M | $684,709 | $176,986 |
| 2023 | 108 | $5.4M | $785,630 | $211,604 |
| 2022 | 192 | $4.4M | $507,751 | $187,701 |
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 |
|---|---|---|---|---|
| JULY BUSINESS SERVICES | Recordkeeper | $33,788 | — | $33,788 |
| UMB BANK | Investment Advisor | $8,999 | — | $8,999 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JULY BUSINESS SERVICES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,787
- Estimated Expense Ratio: 0.725% 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 | $42,787 | $8,999 | $11,520 | — | — |
| 2023 | $35,267 | — | $35,267 | — | — |
| 2022 | $2,200 | — | — | — | — |