Plan Snapshot
- Plan Sponsor: Axios Industrial Maintenance Contractors, INC.
- Sponsor EIN: 751221220
- Sponsor Address: 10077 GROGANS MILL ROAD SUITE 450, THE WOODLANDS, TX, 77380
- Plan Type: 401(k)
- Total Participants: 738
- Total Assets: $4.2M
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 | 738 | $4.2M | $338,698 | $746,831 |
| 2023 | 546 | $3.4M | $325,772 | $731,681 |
| 2022 | 945 | $2.5M | $407,525 | $815,048 |
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 | Recordkeeper | $15,936 | — | $15,936 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $12,404 | — | $12,404 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,253 | — | $5,253 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,593
- Estimated Expense Ratio: 0.805% 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 | $33,593 | $17,657 | — | — | — |
| 2023 | $25,384 | $13,388 | — | — | — |
| 2022 | $18,928 | $10,438 | $8,490 | — | — |