Plan Snapshot
- Plan Sponsor: Axon Pressure Products, INC.
- Sponsor EIN: 272022374
- Sponsor Address: 12606 N HOUSTON ROSSLYN ROAD, HOUSTON, TX, 77086
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $9.3M
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 | 136 | $9.3M | $0 | $401,963 |
| 2023 | 119 | $8.4M | $0 | $354,588 |
| 2022 | 95 | $7.6M | $0 | $261,031 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | NONE | $46,331 | — | $46,331 |
| PANNELL, KERR FOSTER OF TEXAS, P.C. | Auditor | $12,278 | — | $12,278 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,609
- Estimated Expense Ratio: 0.632% 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 | $46,331 | $12,456 | $17,707 | $12,278 | — |
| 2023 | $42,988 | $11,136 | $17,088 | $11,885 | — |
| 2022 | $44,076 | $44,076 | — | — | — |