Plan Snapshot
- Plan Sponsor: Contractors Insurance Trust
- Sponsor EIN: 760481929
- Sponsor Address: 6300 BRIDGE POINT PKWY, AUSTIN, TX, 787305073
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 14,017
- Total Assets: $8.3M
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 | 14,017 | $8.3M | $4.9M | $0 |
| 2023 | 9,158 | $6.1M | $4.2M | $0 |
| 2022 | 6,385 | $6.7M | $5.7M | $0 |
| 2020 | 8,456 | $8.4M | $7.1M | $0 |
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 |
|---|---|---|---|---|
| BOON ADMINISTRATIVE SERVICES | Recordkeeper | $3,332,714 | — | $3,332,714 |
| CLIFTONLARSONALLEN, LLP | Auditor | $95,025 | — | $95,025 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,427,739
- Estimated Expense Ratio: 41.277% 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 | $3,309,810 | — | $3,211,785 | $95,025 | — |
| 2023 | $3,237,595 | — | $3,198,895 | $35,700 | — |
| 2022 | $4,046,402 | $3,000 | $3,989,754 | — | $53,648 |
| 2020 | $5,948,224 | $3,000 | $5,889,466 | $47,750 | — |