Plan Snapshot
- Plan Sponsor: Oak Electric Service INC
- Sponsor EIN: 383493492
- Sponsor Address: 4315 DIXIE HWY, WATERFORD, MI, 483293507
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $5.3M
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 | 211 | $5.3M | $406,017 | $467,337 |
| 2023 | 134 | $4.1M | $238,006 | $255,113 |
| 2022 | 121 | $3.5M | $166,385 | $196,510 |
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 |
|---|---|---|---|---|
| P. ANDREW HALL, LLC | Auditor | — | — | $0 |
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 | $41,596 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |