# Watson Electrical Construction Co., LLC 401(k) Plan
Source: https://planprovider.pro/companies/watson-electrical-construction-co-llc-401k-plan

> Watson Electrical Construction Co., LLC's 401(k) plan: 298 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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