Plan Snapshot
- Plan Sponsor: E & A Welding & Oilfield Service, INC.
- Sponsor EIN: 752609663
- Sponsor Address: 6999 E US HWY 80 SUITE 100, ODESSA, TX, 79762
- Plan Type: 401(k)
- Total Participants: 117
- Total Assets: $2.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 117 | $2.1M | $0 | $236,432 |
| 2023 | 117 | $1.8M | $0 | $214,472 |
| 2022 | 114 | $1.5M | $0 | $203,446 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $25,182 | — | $25,182 |
| ASCENSUS | CONTRACT ADMINISTRATOR | $11,913 | $994 | $12,907 |
| WEAVER AND TIDWELL, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ASCENSUS — CONTRACT ADMINISTRATOR
- WEAVER AND TIDWELL, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,089
- Estimated Expense Ratio: 1.818% 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 | $32,032 | — | $32,032 | — | — |
| 2023 | $24,665 | — | $24,665 | — | — |
| 2022 | $30,121 | — | $30,121 | — | — |