Plan Snapshot
- Plan Sponsor: Olsson Industrial Electric, INC.
- Sponsor EIN: 930826848
- Sponsor Address: PO BOX 70413, SPRINGFIELD, OR, 97475
- Plan Type: 401(k)
- Total Participants: 403
- Total Assets: $52.4M
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. |
|---|---|---|---|---|
| 2024 | 403 | $52.4M | $5.3M | $3.2M |
| 2023 | 340 | $42.2M | $4.4M | $2.7M |
| 2022 | 314 | $33.7M | $3.3M | $2.4M |
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 |
|---|---|---|---|---|
| BVAL CPAS & ADVISORS, LLP | 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 | $148,236 | $78,795 | $59,841 | — | — |
| 2023 | $127,042 | $69,306 | $49,186 | — | — |
| 2022 | $121,594 | $66,649 | $46,695 | — | $8,250 |