Plan Snapshot
- Plan Sponsor: Central Texas Iron Works
- Sponsor EIN: 943274792
- Sponsor Address: P.O. BOX 2555, WACO, TX, 76702
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 294
- Total Assets: $24.3M
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. |
|---|---|---|---|---|
| 2025 | 294 | $24.3M | $0 | $0 |
| 2024 | 230 | $22.2M | $1.4M | $509,784 |
| 2023 | 214 | $19.4M | $883,101 | $462,949 |
| 2022 | 207 | $18.2M | $671,670 | $442,652 |
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 |
|---|---|---|---|---|
| RBC CAPITAL MARKETS LLC | Investment Advisor | $32,414 | — | $32,414 |
| SAGEVIEW ADVISORY GROUP, LLC | Investment Advisor | $10,805 | — | $10,805 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $7,584 | — | $7,584 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $6,784 | — | $6,784 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,587
- Estimated Expense Ratio: 0.237% 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 |
|---|---|---|---|---|---|
| 2025 | $1,950,727 | — | $52,711 | — | — |
| 2024 | $51,955 | — | $51,955 | — | — |
| 2023 | $54,365 | — | $54,365 | — | — |
| 2022 | $50,730 | — | $50,730 | — | — |