Plan Snapshot
- Plan Sponsor: Electric Supply & Equipment Company
- Sponsor EIN: 560213870
- Sponsor Address: 1812 EAST WENDOVER AVENUE, GREENSBORO, NC, 27405
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 142
- Total Assets: $21.5M
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. |
|---|---|---|---|---|
| 2025 | 142 | $21.5M | $0 | $0 |
| 2024 | 116 | $18.8M | $501,883 | $802,617 |
| 2023 | 111 | $16.2M | $488,250 | $767,347 |
| 2022 | 108 | $14.0M | $469,966 | $707,914 |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | Investment Advisor | $36,000 | — | $36,000 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $24,339 | — | $24,339 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,660 | — | $5,660 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,999
- Estimated Expense Ratio: 0.307% 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 |
|---|---|---|---|---|---|
| 2025 | $1,661,173 | $41,660 | — | — | — |
| 2024 | $42,533 | — | $42,533 | — | — |
| 2023 | $1,393,939 | — | — | — | — |
| 2022 | $1,129,891 | — | — | — | — |