Plan Snapshot
- Plan Sponsor: Omega Electric Construction Company, INC.
- Sponsor EIN: 042425819
- Sponsor Address: 31 COMMERCE AVENUE, SOUTH BURLINGTON, VT, 05403
- Plan Type: 401(k)
- Total Participants: 47
- Total Assets: $6.9M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 47 | $6.9M | $229,202 | $299,711 |
| 2023 | 85 | $7.2M | $225,325 | $308,949 |
| 2022 | 92 | $6.7M | $223,175 | $306,377 |
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 |
|---|---|---|---|---|
| BILODEAU WELLS AND CO., P.C. | Auditor | $10,300 | — | $10,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,300
- Estimated Expense Ratio: 0.148% 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 | $40,950 | $21,510 | — | $10,300 | — |
| 2023 | $40,149 | $19,611 | $8,950 | $10,300 | — |
| 2022 | $42,152 | $23,627 | $8,225 | — | $10,300 |