Plan Snapshot
- Plan Sponsor: Taylor Electric, INC.
- Sponsor EIN: 710886779
- Sponsor Address: 2650 SOUTH 1030 WEST, SALT LAKE CITY, UT, 84119
- Plan Type: 401(k)
- Total Participants: 287
- Total Assets: $50.8M
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 | 287 | $50.8M | $390,027 | $1.3M |
| 2023 | 230 | $48.8M | $357,467 | $1.2M |
| 2022 | 247 | $42.5M | $313,522 | $1.1M |
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 |
|---|---|---|---|---|
| RASMUSON & COMPANY, PC | 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 | $29,540 | — | $29,540 | — | — |
| 2023 | $42,220 | — | — | $14,910 | — |
| 2022 | $24,855 | — | $22,545 | — | $2,310 |