Plan Snapshot
- Plan Sponsor: Electronic Concepts, INC.
- Sponsor EIN: 221867440
- Sponsor Address: 526 INDUSTRIAL WAY WEST, EATONTOWN, NJ, 07724
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $10.7M
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 | 174 | $10.7M | $100,000 | $462,092 |
| 2023 | 161 | $9.5M | $100,000 | $439,316 |
| 2022 | 145 | $8.1M | $100,000 | $430,457 |
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 |
|---|---|---|---|---|
| CBIZ B & I SERVICES, INC | Other Service Provider | $19,731 | — | $19,731 |
| CBIZ INVESTMENT ADVISORY SERVICE | Other Service Provider | — | $19,027 | $19,027 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,758
- Estimated Expense Ratio: 0.363% 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 | $69,842 | $21,860 | $46,782 | — | — |
| 2023 | $3,675 | — | $3,675 | — | — |
| 2022 | $2,795 | — | $2,795 | — | — |