Plan Snapshot
- Plan Sponsor: Covenant Management Systems, LP
- Sponsor EIN: 742899856
- Sponsor Address: 6210 E HWY 290 SUITE 120, AUSTIN, TX, 78723
- Plan Type: 401(k)
- Total Participants: 2,584
- Total Assets: $414.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 2,584 | $414.2M | $7.4M | $12.1M |
| 2023 | 2,443 | $367.5M | $5.6M | $11.8M |
| 2022 | 2,313 | $318.2M | $6.9M | $11.0M |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | NONE | $297,517 | — | $297,517 |
| CAPFINANCIAL PARTNERS LLC | NONE | $69,250 | — | $69,250 |
| CHARLES SCHWAB TRUST BANK | NONE | $31 | $41,114 | $41,145 |
| RICHARD P SLAUGHTER ASSOC INC | NONE | $17,282 | — | $17,282 |
| ARAMINO LLP | NONE | $16,800 | — | $16,800 |
| CLIFTONLARSONALLEN LLP | Auditor | $16,800 | — | $16,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
- CHARLES SCHWAB TRUST BANK — NONE
- RICHARD P SLAUGHTER ASSOC INC — NONE
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $458,794
- Estimated Expense Ratio: 0.111% 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 | $408,447 | $94,130 | — | $16,800 | — |
| 2023 | $365,905 | $81,269 | — | $14,700 | — |
| 2022 | $395,188 | — | — | — | $395,188 |