Plan Snapshot
- Plan Sponsor: Bright Industries, LLC
- Sponsor EIN: 412218704
- Sponsor Address: 4400 STATE HIGHWAY 121, LEWISVILLE, TX, 75056
- Plan Type: 401(k)
- Total Participants: 84
- Total Assets: $4.2M
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 | 84 | $4.2M | $114,758 | $423,928 |
| 2023 | 113 | $4.0M | $278,354 | $608,819 |
| 2022 | 116 | $2.7M | $230,169 | $546,411 |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES, INC. | INVESTMENT/FINANCIAL ADVI | $17,502 | — | $17,502 |
| ADP, INC. | RECORD KEEPER | $10,222 | — | $10,222 |
| PSK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH EQUITY SERVICES, INC. — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- PSK LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,724
- Estimated Expense Ratio: 0.654% 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 | $27,724 | $17,502 | — | — | — |
| 2023 | $23,604 | $13,760 | — | — | — |
| 2022 | $21,937 | — | — | — | — |