Plan Snapshot
- Plan Sponsor: Future Electronics Corp.
- Sponsor EIN: 042507468
- Sponsor Address: 4150 OLD AIRWAYS BLVD, SOUTHHAVEN, MS, 38671
- Plan Type: 401(k)
- Total Participants: 613
- Total Assets: $137.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 613 | $137.7M | $838,133 | $5.7M |
| 2023 | 670 | $132.0M | $916,580 | $6.0M |
| 2022 | 753 | $117.0M | $940,498 | $6.0M |
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 |
|---|---|---|---|---|
| ERNST & YOUNG, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $83,356 | $31,021 | — | — | — |
| 2023 | $70,500 | $32,812 | $300 | — | — |
| 2022 | $64,861 | $19,311 | — | — | — |