Plan Snapshot
- Plan Sponsor: Anchor Partners, LLC
- Sponsor EIN: 301117599
- Sponsor Address: 2106 E STATE HIGHWAY 114, SUITE 303, SOUTHLAKE, TX, 76092
- Plan Type: 401(k)
- Total Participants: 949
- Total Assets: $22.8M
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 | 949 | $22.8M | $762,372 | $1.4M |
| 2023 | 887 | $16.5M | $229,729 | $969,219 |
| 2022 | 827 | $14.8M | $181,496 | $981,383 |
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 INS CO OF AMERICA | RECORDKEEPER | $43,205 | — | $43,205 |
| EVERHART FINANCIAL GROUP INC | INVESTMENT ADVISOR | $40,598 | — | $40,598 |
| DEFINITI LLC | CONTRACT ADMIN | $40,272 | — | $40,272 |
| PSK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EVERHART FINANCIAL GROUP INC — INVESTMENT ADVISOR
- PSK LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $124,075
- Estimated Expense Ratio: 0.545% 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 | $110,383 | $40,598 | $40,272 | — | — |
| 2023 | $82,870 | $27,428 | $21,302 | — | — |
| 2022 | $98,501 | — | $98,501 | — | — |