# Thomas Electronics, INC. 401(k) Plan
Source: https://planprovider.pro/companies/thomas-electronics-inc-401k-plan-002

> Thomas Electronics, INC.&#39;s 401(k) plan: 126 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [FLAHERTY SALMIN, LLP](https://planprovider.pro/provider/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|

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