Plan Snapshot
- Plan Sponsor: Scott Electric Co.
- Sponsor EIN: 741229233
- Sponsor Address: 2001 N PORT AVENUE, CORPUS CHRISTI, TX, 78401
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $7.1M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 136 | $7.1M | $123,440 | $339,393 |
| 2023 | 122 | $6.5M | $128,418 | $343,292 |
| 2022 | 120 | $5.8M | $122,642 | $360,972 |
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 |
|---|---|---|---|---|
| COLLIER, JOHNSON & WOODS, P.C. | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2024 | $10,804 | — | $8,929 | — | — |
| 2023 | $8,668 | — | $500 | — | — |
| 2022 | $8,364 | — | $325 | — | — |