Plan Snapshot
- Plan Sponsor: Electric Ai, INC.
- Sponsor EIN: 813915263
- Sponsor Address: 915 BROADWAY SUITE 1106, NEW YORK, NY, 10010
- Plan Type: 401(k)
- Total Participants: 152
- Total Assets: $6.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 152 | $6.2M | $0 | $940,768 |
| 2023 | 175 | $6.1M | $0 | $1.5M |
| 2022 | 363 | $5.1M | $8,633 | $2.1M |
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 |
|---|---|---|---|---|
| PENSIONMARK FINANCIAL GROUP LLC | INVESTMENT ADVISORY | — | $15,624 | $15,624 |
| CETERA ADVISORS LLC | INVESTMENT ADVISORY | — | $8,532 | $8,532 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $6,080 | — | $6,080 |
| LEE CPA AUDIT GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEE CPA AUDIT GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,236
- Estimated Expense Ratio: 0.489% 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 | $6,170 | — | $6,170 | — | — |
| 2023 | $19,701 | — | $19,701 | — | — |
| 2022 | $6,908 | $6,908 | — | — | — |