# Industrial Electric Company 401(k) Plan
Source: https://planprovider.pro/companies/industrial-electric-company-401k-plan

> Industrial Electric Company's 401(k) plan: 206 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/regier-carr-and-monroe-llp-cpas) — 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|

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