Plan Snapshot
- Plan Sponsor: Thomas Edison Charter School
- Sponsor EIN: 870673250
- Sponsor Address: 180 E. 2600 N., NORTH LOGAN, UT, 84341
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 92
- Total Assets: $9.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 92 | $9.8M | $630,540 | $230,006 |
| 2023 | 92 | $8.1M | $590,397 | $198,886 |
| 2022 | 87 | $6.6M | $412,791 | $214,104 |
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 |
|---|---|---|---|---|
| ALLEGIS/ADAMS WEALTH ADVISORS | Investment Advisor | $18,277 | — | $18,277 |
| NEWPORT GROUP, INC. | Recordkeeper | $18,172 | — | $18,172 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEWPORT GROUP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,449
- Estimated Expense Ratio: 0.370% 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 | $36,449 | $18,277 | $215 | — | — |
| 2023 | $30,108 | $15,043 | $14,510 | — | — |
| 2022 | $26,143 | $12,758 | $13,385 | — | — |