# Masters Electrical 401(K) Plan 401(k) Plan
Source: https://planprovider.pro/companies/masters-electrical-401-k-plan-401k-plan

> Masters Electrical 401(K) Plan's 401(k) plan: 90 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## 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](https://planprovider.pro/provider/transamerica) — 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|—|—|

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