# Omega Electric Construction Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/omega-electric-construction-company-inc-401k-plan

> Omega Electric Construction Company, INC.'s 401(k) plan: 47 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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