Plan Snapshot
- Plan Sponsor: Burton Oil Service Operations, LLC
- Sponsor EIN: 453914583
- Sponsor Address: 6115 NEW COPELAND RD #240, TYLER, TX, 75703
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 61
- Total Assets: $30,745
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 61 | $30,745 | $256,983 | $105,804 |
| 2023 | 46 | $123,953 | $283,521 | $118,334 |
| 2022 | 34 | $0 | $293,579 | $147,490 |
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 |
|---|---|---|---|---|
| HENRY & HOOPER, LLP | Investment Advisor | $15,423 | — | $15,423 |
| THE BENECON GROUP | Investment Advisor | $10,963 | — | $10,963 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,386
- Estimated Expense Ratio: 85.822% 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 | $461,315 | — | — | — | — |
| 2023 | $242,471 | — | — | — | — |
| 2022 | $501,046 | — | — | — | — |