Plan Snapshot
- Plan Sponsor: Freedom Electronics LLC
- Sponsor EIN: 462519334
- Sponsor Address: 170 CHASTAIN MEADOWS CT NW, KENNESAW, GA, 30144
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 118
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 118 | $11.3M | $0 | $0 |
| 2024 | 94 | $10.4M | $320,944 | $527,615 |
| 2023 | 91 | $9.0M | $329,086 | $513,333 |
| 2022 | 110 | $8.2M | $278,442 | $458,307 |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS FIN NETWORK | Investment Advisor | — | $32,943 | $32,943 |
| ASCENSUS | Recordkeeper | $3,125 | $4,785 | $7,910 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,853
- 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 |
|---|---|---|---|---|---|
| 2025 | $1,565,442 | — | $5,234 | — | — |
| 2024 | $5,904 | — | $5,904 | — | — |
| 2023 | $6,510 | — | $6,510 | — | — |
| 2022 | $388,900 | — | — | — | — |