Plan Snapshot
- Plan Sponsor: Boggus Motor Company Ii, LLC
- Sponsor EIN: 275382737
- Sponsor Address: 2801 S EXPRESSWAY 83, HARLINGEN, TX, 78550
- Plan Type: 401(k)
- Total Participants: 42
- Total Assets: $5.8M
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 | 42 | $5.8M | $23,211 | $157,544 |
| 2023 | 34 | $8.9M | $112,462 | $800,548 |
| 2022 | 157 | $8.8M | $136,583 | $913,792 |
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 |
|---|---|---|---|---|
| TEXAS REGIONAL BANK | NONE | $36,757 | — | $36,757 |
| AMERITAS LIFE INSURANCE CORP | NONE | $22,830 | — | $22,830 |
| LANE GORMAN TRUBITT, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERITAS LIFE INSURANCE CORP — NONE
- LANE GORMAN TRUBITT, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,587
- Estimated Expense Ratio: 1.028% 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 | $62,386 | $36,757 | $22,830 | — | — |
| 2023 | $87,796 | $37,401 | $16,908 | — | — |
| 2022 | $77,440 | $24,768 | — | — | $52,672 |