Plan Snapshot
- Plan Sponsor: Back Office Risk, INC.
- Sponsor EIN: 465081198
- Sponsor Address: 1109 W. NOLANA AVE. SUITE 104, MCALLEN, TX, 78504
- Plan Type: 401(k)
- Total Participants: 345
- Total Assets: $7.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 345 | $7.9M | $394,390 | $793,028 |
| 2023 | 120 | $4.7M | $172,861 | $341,110 |
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 |
|---|---|---|---|---|
| SLAVIC INTEGRATED ADMINISTRATION | TPA | $45,578 | — | $45,578 |
| SLAVIC MUTUAL FUND MANAGEMENT CORP | PORTFOLIO MGMT | $13,063 | — | $13,063 |
| BACK OFFICE RISK, INC. | PLAN ADMINISTRATOR | $6,228 | — | $6,228 |
| JASON F. CLAUSEN, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,869
- Estimated Expense Ratio: 0.826% 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 | $64,869 | $13,063 | $51,806 | — | — |
| 2023 | $4,059 | — | $4,059 | — | — |