Plan Snapshot
- Plan Sponsor: Naes Corporation
- Sponsor EIN: 911111672
- Sponsor Address: 1180 NW MAPLE STREET, SUITE 200, ISSAQUAH, WA, 98027
- Plan Type: 401(k)
- Total Participants: 2,201
- Total Assets: $643.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 2,201 | $643.7M | $21.8M | $30.7M |
| 2023 | 2,285 | $557.5M | $17.5M | $24.4M |
| 2022 | 1,799 | $471.8M | $16.7M | $23.3M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $358,974 | — | $358,974 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $167,596 | — | $167,596 |
| HIGHLAND CAPITAL ADVISORS, LLC | INVESTMENT ADVISOR | $71,648 | — | $71,648 |
| RUDD & COMPANY, PLLC | ACCOUNTANT/AUDITOR | $22,239 | — | $22,239 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- RUDD & COMPANY, PLLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $620,457
- Estimated Expense Ratio: 0.096% 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 | $614,625 | $436,292 | $3,000 | $22,239 | — |
| 2023 | $413,259 | $311,115 | $900 | $21,230 | — |
| 2022 | $461,771 | $264,540 | — | — | — |