Retirement plan

FREEDOM ELECTRONICS LLC 401(K) PLAN

Name: FREEDOM ELECTRONICS LLC - FREEDOM ELECTRONICS LLC 401(K) PLAN (2025) Form 5500
Creator: FREEDOM ELECTRONICS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FREEDOM ELECTRONICS LLC 401(K) PLAN, FREEDOM ELECTRONICS LLC

FREEDOM ELECTRONICS LLCEIN 46-2519334Plan #001PY 2025

170 CHASTAIN MEADOWS CT NW - KENNESAW, GA 30144770-792-8888freedomelectronics.comLinkedIn51-200 employeesoil & energy

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$11.3M

+8.6% from 2024

Total participants

118

+3.5% from 2024

Average account balance

$104,217

+5.6% from 2024

Annual return

14.38%

+1.95 pp from 2024

Benchmarks

See 40 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Cohort40 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$11.26M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$104K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

108

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

89.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$929K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$48

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS FIN NETWORK Service code 27 · EIN 48-1305000	Advisory (Plan)	$32,943
ASCENSUS LLC3 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$7,910
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$2,109

Plan features & details

Pension benefit codes2E2F2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5K

$53 / participant

Contract admin$5K100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH AND HOWARD
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,217

$116,412-10.5%

$156,181-33.3%

Participation rate

89.9%

77.9%+12.0pp

78.8%+11.1pp

Annual return

14.38%

16.48%-2.1pp

64.87%-50.5pp

Employer contribution / active EE

$3,513

$2,587+35.8%

$4,294-18.2%

Participant deferral / active EE

$5,874

$4,514+30.1%

$6,132-4.2%

Admin fee / account holder

$48

$18,889-99.7%

$14,586-99.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS FIN NETWORK

Service code 27 · EIN 48-1305000

Advisory (Plan)

$32,943

ASCENSUS LLC3 years

Filed as: ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$7,910

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$2,109

FREEDOM ELECTRONICS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FREEDOM ELECTRONICS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion