Plan Snapshot
- Plan Sponsor: Orion Energy Systems, INC.
- Sponsor EIN: 391847269
- Sponsor Address: 2210 WOODLAND DRIVE, MANITOWOC, AL, 54220
- Plan Type: 401(k)
- Total Participants: 203
- Total Assets: $11.6M
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 | 203 | $11.6M | $165,711 | $1.1M |
| 2023 | 219 | $10.6M | $142,856 | $1.0M |
| 2022 | 214 | $7.2M | $138,808 | $937,234 |
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 |
|---|---|---|---|---|
| ORION ENERGY SYSTEMS INC | Other Service Provider | $49,740 | — | $49,740 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $40,859 | — | $40,859 |
| FIFTH THIRD BANK | Investment Advisor | $29,625 | — | $29,625 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $120,224
- Estimated Expense Ratio: 1.037% 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 | $123,218 | $29,625 | — | — | — |
| 2023 | $52,482 | $21,652 | — | — | — |
| 2022 | $48,935 | $10,841 | $38,094 | — | — |