Plan Snapshot
- Plan Sponsor: Associated Supply Company, INC.
- Sponsor EIN: 751386410
- Sponsor Address: 2102 EAST SLATON ROAD, LUBBOCK, TX, 79404
- Plan Type: 401(k)
- Total Participants: 525
- Total Assets: $66.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 525 | $66.8M | $3.3M | $2.8M |
| 2023 | 486 | $59.6M | $4.1M | $2.5M |
| 2022 | 469 | $48.2M | $2.9M | $2.3M |
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 |
|---|---|---|---|---|
| LUBBOCK NATIONAL BANK | Other Service Provider | $206,153 | — | $206,153 |
| BENEFIT PLANS ADMIN SERVICES | Recordkeeper | $131,852 | — | $131,852 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMIN SERVICES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $338,005
- Estimated Expense Ratio: 0.506% 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 | $337,340 | $30,796 | $100,391 | — | — |
| 2023 | $282,643 | $249,942 | $32,701 | — | — |
| 2022 | $276,642 | $237,154 | $39,463 | — | — |