# Byrne Electrical Specialists, INC. 401(k) Plan
Source: https://planprovider.pro/companies/byrne-electrical-specialists-inc-401k-plan

> Byrne Electrical Specialists, INC.&#39;s 401(k) plan: 551 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Byrne Electrical Specialists, INC.

- **Sponsor EIN:** 381948223

- **Sponsor Address:** 320 BYRNE INDUSTRIAL DR, ROCKFORD, MI, 493411083

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

- **Total Participants:** 551

- **Total Assets:** $12.5M

## 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|551|$12.5M|$148,999|$893,351|

| 2023|543|$10.9M|$154,624|$916,819|

| 2022|586|$9.3M|$175,385|$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|

| THE RETIREMENT PLAN COMPANY|RECORDKEEPER|$40,479|—|$40,479|

| LPL FINANCIAL|ADVISOR|$24,184|—|$24,184|

| MATRIX|NONE|$5,886|—|$5,886|

| BDO USA, P.A.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [THE RETIREMENT PLAN COMPANY](https://planprovider.pro/provider/ameritas-retirement-plans) — RECORDKEEPER

- [MATRIX](https://planprovider.pro/provider/aspire-financial-services) — NONE

- [BDO USA, P.A.](https://planprovider.pro/provider/bdo-usa-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $70,549

- **Estimated Expense Ratio:** 0.562% 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|$74,780|$24,184|$4,231|—|—|

| 2023|$83,693|$21,461|$22,155|—|—|

| 2022|$67,798|$21,143|$4,220|—|$37,560|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/byrne-electrical-specialists-inc-401k-plan)

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