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: 360
- Total Assets: $112.4M
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 | 360 | $112.4M | $2.9M | $4.4M |
| 2023 | 366 | $100.6M | $1.7M | $4.5M |
| 2022 | 399 | $86.8M | $1.9M | $4.6M |
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 | $49,718 | — | $49,718 |
| RUDD & COMPANY, PLLC | ACCOUNTANT/AUDITOR | $22,239 | — | $22,239 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $21,650 | — | $21,650 |
| HIGHLANDCAPITALADVISORSLLC | INVESTMENT ADVISOR | $8,352 | — | $8,352 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- RUDD & COMPANY, PLLC — ACCOUNTANT/AUDITOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,959
- Estimated Expense Ratio: 0.091% 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 | $102,422 | $52,400 | $300 | $22,989 | — |
| 2023 | $92,197 | $51,586 | $300 | $21,230 | — |
| 2022 | $76,494 | $32,796 | — | — | — |