# Bright Future Electric, LLC 401(k) Plan
Source: https://planprovider.pro/companies/bright-future-electric-llc-401k-plan

> Bright Future Electric, LLC's 401(k) plan: 685 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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