Plan Snapshot
- Plan Sponsor: American Income Life Insurance Company
- Sponsor EIN: 741365936
- Sponsor Address: 3700 S. STONEBRIDGE DRIVE, MCKINNEY, TX, 75070
- Plan Type: 401(k)
- Total Participants: 301
- Total Assets: $24.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 301 | $24.4M | $1.2M | $931,827 |
| 2023 | 338 | $22.9M | $1.3M | $949,461 |
| 2022 | 321 | $19.7M | $1.1M | $795,375 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $20,765 | — | $20,765 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $20,495 | — | $20,495 |
| DELOITTE & TOUCHE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,260
- Estimated Expense Ratio: 0.169% 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 | $45,704 | — | — | — | — |
| 2023 | $30,569 | $14,351 | — | — | — |
| 2022 | $28,922 | $12,986 | — | — | $600 |