Plan Snapshot
- Plan Sponsor: O'Connell Electric Co.
- Sponsor EIN: 160950645
- Sponsor Address: 830 PHILLIPS RD, VICTOR, NY, 14564
- Plan Type: 401(k)
- Total Participants: 186
- Total Assets: $57.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 186 | $57.6M | $1.9M | $1.3M |
| 2023 | 205 | $58.8M | $1.8M | $1.3M |
| 2022 | 214 | $49.6M | $1.8M | $1.2M |
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 |
|---|---|---|---|---|
| BONADIO & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — Auditor
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 | $176,651 | $33,458 | $93,472 | — | — |
| 2023 | $159,906 | $19,040 | $124,926 | — | — |
| 2022 | $177,167 | $31,250 | $145,917 | — | — |