# Electro Switch Corp. 401(k) Plan
Source: https://planprovider.pro/companies/electro-switch-corp-401k-plan

> Electro Switch Corp.&#39;s 401(k) plan: 351 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Electro Switch Corp.

- **Sponsor EIN:** 042037902

- **Sponsor Address:** 775-1 PLEASANT ST., WEYMOUTH, MA, 021892355

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

- **Total Participants:** 351

- **Total Assets:** $63.3M

## 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|351|$63.3M|$640,107|$1.9M|

| 2023|361|$70.8M|$409,959|$1.7M|

| 2022|348|$64.7M|$1.1M|$1.7M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY O|RECORDKEEPER|$71,146|—|$71,146|

| KESTRA ADVISORY SERVICES LLC|INVESTMENT ADVISOR|$24,000|—|$24,000|

| PKF JND PC|AUDITOR|$13,266|—|$13,266|

| PFK JND, P.C.|Auditor|$13,266|—|$13,266|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $121,678

- **Estimated Expense Ratio:** 0.192% 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|$37,266|$24,000|—|$13,266|—|

| 2023|$46,883|$24,000|—|—|—|

| 2022|$65,992|$61,624|$1,344|—|$3,024|

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