# Hi-Tech Electric, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hi-tech-electric-inc-401k-plan-001-5454

> Hi-Tech Electric, INC.&#39;s 401(k) plan: 181 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/bpas) — NONE

- [SUTTON FROST CARY LLP](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/hi-tech-electric-inc-401k-plan-001-5454)

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