Plan Snapshot
- Plan Sponsor: Center For Transforming Lives
- Sponsor EIN: 750829389
- Sponsor Address: 512 WEST 4TH STREET, FORT WORTH, TX, 76102
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 171
- Total Assets: $3.0M
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 | 171 | $3.0M | $371,820 | $244,996 |
| 2023 | 143 | $2.6M | $336,399 | $234,175 |
| 2022 | 135 | $1.9M | $279,049 | $179,199 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Recordkeeper | $13,902 | — | $13,902 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,902
- Estimated Expense Ratio: 0.457% 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 | $16,219 | $6,951 | $2,317 | — | — |
| 2023 | $15,076 | — | — | — | — |
| 2022 | $8,470 | $2,487 | $3,496 | — | $2,487 |