# Transel Elevator & Electric, INC 401(k) Plan
Source: https://planprovider.pro/companies/transel-elevator-and-electric-i-401k-plan

> Transel Elevator & Electric, INC's 401(k) plan: 85 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Transel Elevator & Electric, INC

- **Sponsor EIN:** 112995885

- **Sponsor Address:** 30-30 47TH AVE - STE # 610, LONG ISLAND CITY, NY, 11101

- **Plan Type:** 401(k)

- **Total Participants:** 85

- **Total Assets:** $13.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|85|$13.0M|$237,267|$660,482|

| 2023|79|$11.9M|$277,650|$682,832|

| 2022|76|$10.8M|$440,147|$684,689|

## 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|

| GRASSI & CO CPAS PC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [GRASSI & CO CPAS PC](https://planprovider.pro/provider/grassi-and-co-cpas-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$33,218|$30,653|—|—|—|

| 2023|$29,711|$27,154|—|—|—|

| 2022|$29,116|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/transel-elevator-and-electric-i-401k-plan)

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