Plan Snapshot
- Plan Sponsor: Electrifai LLC
- Sponsor EIN: 832145136
- Sponsor Address: 10 EXCHANGE PLACE, 11TH FLOOR, JERSEY CITY, NJ, 07302
- Plan Type: 401(k)
- Total Participants: 30
- Total Assets: $6.6M
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. |
|---|---|---|---|---|
| 2023 | 30 | $6.6M | $0 | $397,753 |
| 2022 | 44 | $5.9M | $0 | $493,999 |
| 2021 | 47 | $7.7M | $0 | $0 |
| 2020 | 68 | $7.3M | $0 | $0 |
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 |
|---|---|---|---|---|
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — 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 |
|---|---|---|---|---|---|
| 2023 | $27,922 | $21,160 | — | — | — |
| 2022 | $26,553 | $20,919 | $5,634 | — | — |
| 2021 | $25,467 | $21,091 | — | — | — |
| 2020 | $51,873 | $48,060 | — | — | — |