Plan Snapshot
- Plan Sponsor: Industrial Electric Company
- Sponsor EIN: 481092471
- Sponsor Address: 1331 NORTH 81 BYPASS, P.O. BOX 404, MCPHERSON, KS, 67460
- Plan Type: 401(k)
- Total Participants: 206
- Total Assets: $10.5M
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. |
|---|---|---|---|---|
| 2024 | 206 | $10.5M | $272,149 | $738,885 |
| 2023 | 208 | $9.0M | $250,203 | $670,147 |
| 2022 | 210 | $7.7M | $234,618 | $647,953 |
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 |
|---|---|---|---|---|
| DEMARS PENSION CONSULTING SERVICES | 3RD PARTY ADMINISTRATOR | $19,202 | $4,566 | $23,768 |
| REGIER, CARR & MONROE, L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- REGIER, CARR & MONROE, L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,768
- Estimated Expense Ratio: 0.227% 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 | $94,813 | — | $75,574 | — | — |
| 2023 | $82,101 | — | $62,908 | — | — |
| 2022 | $72,412 | — | $57,737 | — | $14,675 |