Plan Snapshot
- Plan Sponsor: Bayway Lincoln Mercury, INC.
- Sponsor EIN: 760456267
- Sponsor Address: 12333 GULF FREEWAY, HOUSTON, TX, 77034
- Plan Type: 401(k)
- Total Participants: 429
- Total Assets: $10.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 429 | $10.7M | $607,843 | $1.4M |
| 2023 | 621 | $8.5M | $564,249 | $1.5M |
| 2022 | 422 | $6.8M | $547,841 | $1.4M |
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 |
|---|---|---|---|---|
| MBG RETIREMENT, INC. | RIA | $20,221 | — | $20,221 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $10,800 | — | $10,800 |
| HARPER & PEARSON COMPANY, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- HARPER & PEARSON COMPANY, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,021
- Estimated Expense Ratio: 0.291% 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 | $67,631 | $20,221 | $34,383 | — | — |
| 2023 | $51,632 | $17,818 | $24,714 | — | — |
| 2022 | $35,751 | $14,258 | $18,118 | — | — |