Plan Snapshot
- Plan Sponsor: Hi-Tech Electric, INC.
- Sponsor EIN: 760115454
- Sponsor Address: 11116 W LITTLE YORK RD BLDG 8, HOUSTON, TX, 770415024
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $34.5M
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 | 181 | $34.5M | $215,704 | $876,764 |
| 2023 | 207 | $33.0M | $249,826 | $954,608 |
| 2022 | 201 | $30.0M | $233,316 | $915,193 |
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 |
|---|---|---|---|---|
| BENEFIT PLANS ADMINISTRATIVE SERVIC | NONE | $51,530 | — | $51,530 |
| SUTTON FROST CARY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMINISTRATIVE SERVIC — NONE
- SUTTON FROST CARY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,530
- Estimated Expense Ratio: 0.150% 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 | $51,530 | — | $51,530 | — | — |
| 2023 | $77,473 | $74,411 | $3,062 | — | — |
| 2022 | $44,249 | $41,523 | $2,500 | — | — |