Plan Snapshot
- Plan Sponsor: Thomas Electronics, INC.
- Sponsor EIN: 161071442
- Sponsor Address: 208 DAVIS PARKWAY, CLYDE, NY, 14433
- Plan Type: 401(k)
- Total Participants: 126
- Total Assets: $7.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 126 | $7.7M | $135,756 | $368,473 |
| 2023 | 111 | $6.5M | $128,423 | $337,617 |
| 2022 | 101 | $6.0M | $129,407 | $367,584 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $18,937 | — | $18,937 |
| ALLIANT RETIREMENT SERVICES | ADVISOR | $13,041 | — | $13,041 |
| FLAHERTY SALMIN, LLP | ACCOUNTANT AUDITOR | $6,250 | — | $6,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- FLAHERTY SALMIN, LLP — ACCOUNTANT AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,228
- Estimated Expense Ratio: 0.493% 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 | $38,228 | $13,041 | — | $6,250 | — |
| 2023 | $34,069 | $11,831 | — | $5,900 | — |
| 2022 | $37,183 | — | — | — | $37,183 |