Plan Snapshot
- Plan Sponsor: Bright Future Electric, LLC
- Sponsor EIN: 571228220
- Sponsor Address: 3420 RICHARD ARRINGTON BLVD N, BIRMINGHAM, AL, 352342306
- Plan Type: 401(k)
- Total Participants: 685
- Total Assets: $13.8M
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 | 685 | $13.8M | $420,541 | $1.9M |
| 2023 | 502 | $11.4M | $297,726 | $1.4M |
| 2022 | 308 | $8.4M | $236,752 | $1.1M |
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 |
|---|---|---|---|---|
| CALVETTI FERGUSON, 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 | $4,811 | — | — | — | — |
| 2023 | $8,887 | — | — | — | — |
| 2022 | $3,175 | — | — | — | — |