Plan Snapshot
- Plan Sponsor: Young Electric Sign Company
- Sponsor EIN: 870212261
- Sponsor Address: 2401 S FOOTHILL DRIVE, SALT LAKE CITY, UT, 84109
- Plan Type: 401(k)
- Total Participants: 878
- Total Assets: $106.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 878 | $106.3M | $2.6M | $5.2M |
| 2023 | 824 | $91.8M | $2.3M | $4.4M |
| 2022 | 887 | $75.8M | $1.5M | $4.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $87,164 | — | $87,164 |
| MARINER INSTITUTIONAL | CONTRACT ADMINISTRATOR | $65,145 | — | $65,145 |
| MORETON & COMPANY | INSURANCE REP/BROKER | $17,912 | — | $17,912 |
| THE COOK GROUP | VALUATION SERVICES | $15,140 | — | $15,140 |
| SALT LAKE CITY CORPORATION | OTHER SERVICES | $7,257 | — | $7,257 |
| FIRETROL PROTECTION SYSTEMS | OTHER SERVICES | $6,974 | — | $6,974 |
| DAVID LLOYD, INC. TOTAL | OTHER SERVICES | $6,391 | — | $6,391 |
| PROFESSIONAL ELECTRICAL SERVICES | OTHER SERVICES | $5,680 | — | $5,680 |
| HBME, LLC | ACCOUNTANT | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HBME, LLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,663
- Estimated Expense Ratio: 0.199% 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 | $154,485 | — | $154,485 | — | — |
| 2023 | $178,756 | — | $78,768 | — | — |
| 2022 | $135,720 | $45,732 | $78,148 | — | $11,840 |