Plan Snapshot
- Plan Sponsor: Watson Electrical Construction Co., LLC
- Sponsor EIN: 611440043
- Sponsor Address: 1500 CHARLESTON STREET, WILSON, NC, 27893
- Plan Type: 401(k)
- Total Participants: 298
- Total Assets: $23.9M
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 | 298 | $23.9M | $436,107 | $1.1M |
| 2023 | 332 | $23.1M | $300,157 | $1.3M |
| 2022 | 476 | $24.2M | $633,281 | $1.5M |
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 |
|---|---|---|---|---|
| BATCHELOR,TILLERY & ROBERTS,LLP | Auditor | — | — | $0 |
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 | $95,207 | $43,000 | $52,207 | — | — |
| 2023 | $102,977 | $43,000 | $59,977 | — | — |
| 2022 | $112,916 | $41,779 | $71,137 | — | — |