Plan Snapshot
- Plan Sponsor: Torgeson Electric Co., INC.
- Sponsor EIN: 480891707
- Sponsor Address: 1400 NORTHWEST SALINE STREET, TOPEKA, KS, 66618
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $13.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 138 | $13.9M | $866,754 | $585,957 |
| 2023 | 102 | $11.7M | $596,372 | $473,729 |
| 2022 | 120 | $9.4M | $755,659 | $416,129 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $40,920 | — | $40,920 |
| CETERA ADVISORS LLC | Investment Advisor | — | $15,725 | $15,725 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Investment Advisor | $6,130 | — | $6,130 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,775
- Estimated Expense Ratio: 0.453% 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 | $51,354 | $6,130 | — | — | — |
| 2023 | $42,476 | $5,042 | — | — | — |
| 2022 | $38,974 | $4,341 | $34,633 | — | — |