Plan Snapshot
- Plan Sponsor: Scott Electric Company
- Sponsor EIN: 251052048
- Sponsor Address: 1000 S MAIN STREET, GREENSBURG, PA, 15601
- Plan Type: 401(k)
- Total Participants: 587
- Total Assets: $106.3M
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 | 587 | $106.3M | $1.1M | $1.9M |
| 2023 | 586 | $100.2M | $1.0M | $1.8M |
| 2022 | 600 | $94.0M | $1.0M | $1.7M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $140,853 | — | $140,853 |
| FIRST NATIONAL TRUST COMPANY | NONE | $77,377 | — | $77,377 |
| CHARLES SCHWAB BANK | NONE | $32,390 | — | $32,390 |
| LOUIS PLUNG & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- CHARLES SCHWAB BANK — NONE
- LOUIS PLUNG & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $250,620
- Estimated Expense Ratio: 0.236% 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 | $218,284 | $77,377 | $140,907 | — | — |
| 2023 | $233,188 | $95,620 | $137,568 | — | — |
| 2022 | $254,652 | — | $254,652 | — | — |