Plan Snapshot
- Plan Sponsor: Smith And Keene Electric Service INC.
- Sponsor EIN: 540629299
- Sponsor Address: 833 LIVE OAK DRIVE, CHESAPEAKE, VA, 233202601
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 51
- Total Assets: $891,647
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. |
|---|---|---|---|---|
| 2025 | 51 | $891,647 | $10,826 | $68,592 |
| 2024 | 63 | $770,194 | $25,039 | $129,350 |
| 2023 | 123 | $868,914 | $26,270 | $169,869 |
| 2022 | 153 | $655,545 | $28,835 | $183,036 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $11,178 | $9 | $11,187 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,187
- Estimated Expense Ratio: 1.255% 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 |
|---|---|---|---|---|---|
| 2025 | $65,533 | — | — | — | — |
| 2024 | $15,102 | $3,869 | $3,924 | — | — |
| 2023 | $11,383 | $2,889 | $3,038 | — | — |
| 2022 | $8,302 | $2,165 | $2,048 | — | $4,089 |