Plan Snapshot
- Plan Sponsor: Masters Electrical 401(K) Plan
- Sponsor EIN: 742618930
- Sponsor Address: 4239 WEST IH -10, SEGUIN, TX, 78155
- Plan Type: 401(k)
- Total Participants: 90
- Total Assets: $1.6M
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. |
|---|---|---|---|---|
| 2023 | 90 | $1.6M | $129,077 | $111,391 |
| 2022 | 75 | $1.3M | $100,802 | $118,293 |
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 |
|---|---|---|---|---|
| SELLECK ACCOUNTING & FINANCE PLLC | AUDIT | $18,000 | — | $18,000 |
| TRANSAMERICA LIFE INSURANCE COMPANY | RECORDKEEPER | $15,964 | — | $15,964 |
| DAVID K. YOUNG CONSULTING, LLC | RECORDKEEPER | $11,324 | — | $11,324 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,288
- Estimated Expense Ratio: 2.882% 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 |
|---|---|---|---|---|---|
| 2023 | $23,154 | — | $23,154 | — | — |
| 2022 | $16,715 | — | $16,715 | — | — |