Plan Snapshot
- Plan Sponsor: Brown Sims, P.C.
- Sponsor EIN: 742073784
- Sponsor Address: 1990 POST OAK BLVD., HOUSTON, TX, 77056
- Plan Type: 401(k)
- Total Participants: 204
- Total Assets: $22.2M
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 | 204 | $22.2M | $677,797 | $1.4M |
| 2023 | 188 | $18.6M | $509,518 | $1.0M |
| 2022 | 122 | $14.7M | $377,100 | $787,389 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE AND ANNUI | SERVICE PROVIDER | $18,959 | — | $18,959 |
| FRIERSON SOLA SIMONTON AND KUTAC | AUDITOR | $18,330 | — | $18,330 |
| NOVA 401(K) ASSOCIATES | THIRD PARTY ADMINISTRATOR | $6,518 | $9,644 | $16,162 |
| FRIERSON SOLA SIMONTON & KUTAC PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,451
- Estimated Expense Ratio: 0.240% 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 | $49,638 | $43,813 | $5,250 | — | — |
| 2023 | $47,270 | — | $47,270 | — | — |
| 2022 | $42,045 | — | $42,045 | — | — |