# Thomas Electronics, INC. DB Plan
Source: https://planprovider.pro/companies/thomas-electronics-inc-plan-001

> Thomas Electronics, INC.'s DB plan: 16 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:** 221462403

- **Sponsor Address:** 208 DAVIS PARKWAY, CLYDE, NY, 14433

- **Plan Type:** DB

- **Total Participants:** 16

- **Total Assets:** $3.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|16|$3.4M|$0|$0|

| 2023|16|$3.2M|$0|$0|

| 2022|21|$3.1M|$332,206|$0|

## 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|

| LB ACTUARIAL ASSOCIATES, INC.|NONE|$7,100|—|$7,100|

| FLAHERTY SALMIN LLP|Auditor|$3,750|—|$3,750|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FLAHERTY SALMIN LLP](https://planprovider.pro/provider/flaherty-salmin-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $10,850

- **Estimated Expense Ratio:** 0.324% 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|$25,722|—|—|$3,750|—|

| 2023|$30,202|—|—|$6,800|—|

| 2022|$21,779|—|—|—|$10,778|

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