# Scott Electric Company 401(k) Plan
Source: https://planprovider.pro/companies/scott-electric-company-401k-plan

> Scott Electric Company&#39;s 401(k) plan: 587 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [CHARLES SCHWAB BANK](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [LOUIS PLUNG & COMPANY, LLP](https://planprovider.pro/provider/louis-plung-and-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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/scott-electric-company-401k-plan)

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