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

> Mars Electric Company's 401(k) plan: 209 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mars Electric Company

- **Sponsor EIN:** 340837654

- **Sponsor Address:** 6655 BETA DRIVE, SUITE 200, MAYFIELD VILLAGE, OH, 441432380

- **Plan Type:** 401(k)

- **Total Participants:** 209

- **Total Assets:** $20.2M

## 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|209|$20.2M|$607,872|$1.1M|

| 2023|214|$19.0M|$577,602|$1.0M|

| 2022|200|$16.2M|$485,578|$943,708|

## 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|

| CIUNI & PANICHI, INC.|Auditor|—|—|$0|

## 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|$72,866|—|$72,866|—|—|

| 2023|$67,488|—|$67,488|—|—|

| 2022|$63,841|—|$63,841|—|—|

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