# Wayne J. Griffin Electric, INC 401(k) Plan
Source: https://planprovider.pro/companies/wayne-j-griffin-electric-inc-401k-plan

> Wayne J. Griffin Electric, INC&#39;s 401(k) plan: 1,307 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Wayne J. Griffin Electric, INC

- **Sponsor EIN:** 042650465

- **Sponsor Address:** 116 HOPPING BROOK ROAD, HOLLISTON, MA, 01746

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

- **Total Participants:** 1,307

- **Total Assets:** $220.2M

## 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|1,307|$220.2M|$3.4M|$11.7M|

| 2023|1,389|$190.9M|$3.3M|$10.9M|

| 2022|1,355|$154.6M|$3.1M|$10.0M|

## 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|

| CITRIN COOPERMAN & COMPANY LLP|Auditor|$5,250|—|$5,250|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $5,250

- **Estimated Expense Ratio:** 0.002% 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|$51,372|$104,079|$300|$5,250|—|

| 2023|$63,151|$81,689|—|$16,250|—|

| 2022|$79,598|$20,225|—|—|—|

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