Plan Snapshot
- Plan Sponsor: Southwest Electric Co.
- Sponsor EIN: 730558653
- Sponsor Address: 6503 SE 74TH STREET, OKLAHOMA CITY, OK, 73135
- Plan Type: 401(k)
- Total Participants: 196
- Total Assets: $11.4M
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 | 196 | $11.4M | $162,811 | $1.0M |
| 2023 | 449 | $11.2M | $160,736 | $1.0M |
| 2022 | 185 | $9.6M | $145,016 | $965,290 |
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 |
|---|---|---|---|---|
| FINLEY & COOK, PLLC | 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 | $78,902 | — | $78,902 | — | — |
| 2023 | $70,172 | $51,054 | $10,902 | — | — |
| 2022 | $76,782 | $53,694 | $23,088 | — | — |