Plan Snapshot
- Plan Sponsor: Pitt Electric, Ori, LLC
- Sponsor EIN: 474321433
- Sponsor Address: 1028 BROMPTON LN, GREENVILLE, NC, 27834
- Plan Type: 401(k)
- Total Participants: 199
- Total Assets: $2.8M
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. |
|---|---|---|---|---|
| 2023 | 199 | $2.8M | $135,987 | $313,023 |
| 2022 | 159 | $1.6M | $108,352 | $247,720 |
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 |
|---|---|---|---|---|
| ADMIN. GROUP, LLC DBA TAG RESOURCES | Recordkeeper | $27,798 | — | $27,798 |
| TRANSAMERICA FINANCIAL LIFE INS. CO | Recordkeeper | $22,206 | — | $22,206 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS. CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,004
- Estimated Expense Ratio: 1.760% 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 |
|---|---|---|---|---|---|
| 2023 | $25,999 | — | — | — | — |
| 2022 | $23,175 | — | $22,387 | — | $788 |