Plan Snapshot
- Plan Sponsor: Shaw Electric, INC.
- Sponsor EIN: 420843255
- Sponsor Address: 930 E RIVER DRIVE, DAVENPORT, IA, 52803
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $18.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 140 | $18.7M | $588,732 | $976,074 |
| 2023 | 143 | $16.8M | $540,682 | $860,537 |
| 2022 | 138 | $13.6M | $202,832 | $739,671 |
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 |
|---|---|---|---|---|
| FORGE FINANCIAL AND MANAGEMENT CONS | 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 | $52,046 | $41,829 | — | — | — |
| 2023 | $50,282 | $40,832 | — | — | — |
| 2022 | $56,343 | $2,352 | — | — | — |