Plan Snapshot
- Plan Sponsor: Airway Properties Operatiors, LLC Dba Hoy Family Auto
- Sponsor EIN: 741734865
- Sponsor Address: 1122 AIRWAY BOULEVARD, EL PASO, TX, 79925
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $7.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 102 | $7.2M | $126,813 | $240,155 |
| 2023 | 93 | $6.8M | $108,565 | $216,744 |
| 2022 | 89 | $5.9M | $126,515 | $253,333 |
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 |
|---|---|---|---|---|
| M. HOLDINGS SECURITIES, INC. | RIA | $26,800 | — | $26,800 |
| JOHN HANCOCK LIFE INSURANCE CO | RECORDKEEPER | $23,533 | — | $23,533 |
| BOCK & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE CO — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,333
- Estimated Expense Ratio: 0.697% 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 | $52,728 | — | $52,728 | — | — |
| 2023 | $50,866 | — | $50,866 | — | — |
| 2022 | $50,023 | — | $50,023 | — | — |