# Flanders Electric Motor Svc 401(k) Plan
Source: https://planprovider.pro/companies/flanders-electric-motor-service-llc-401k-plan

> Flanders Electric Motor Svc&#39;s 401(k) plan: 475 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Flanders Electric Motor Svc

- **Sponsor EIN:** 351072135

- **Sponsor Address:** 8101 BAUMGART ROAD, EVANSVILLE, IN, 47725

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

- **Total Participants:** 475

- **Total Assets:** $46.0M

## 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|475|$46.0M|$1.2M|$3.5M|

| 2023|501|$47.6M|$1.1M|$3.4M|

| 2022|473|$42.7M|$1.0M|$3.0M|

## 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|RECORDKEEPER|$122,624|—|$122,624|

| CREATIVE PLANNING LLC|INVESTMENT ADVISOR|$56,469|—|$56,469|

| HARDING, SHYMANSKI & CO., PSC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [HARDING, SHYMANSKI & CO., PSC](https://planprovider.pro/provider/harding-shymanski-and-company-psc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $179,093

- **Estimated Expense Ratio:** 0.389% 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|$233,146|$56,469|—|—|—|

| 2023|$153,568|$53,009|$100,526|—|—|

| 2022|$150,673|$52,856|$96,422|—|—|

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