Plan Snapshot
- Plan Sponsor: Ercot
- Sponsor EIN: 742587416
- Sponsor Address: 2705 WEST LAKE DRIVE, TAYLOR, TX, 76574
- Plan Type: 401(k)
- Total Participants: 959
- Total Assets: $464.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 959 | $464.9M | $21.1M | $14.1M |
| 2023 | 890 | $396.2M | $17.3M | $12.0M |
| 2022 | 784 | $330.9M | $14.6M | $10.2M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL BANKING | INVESTMENT ADVISOR | $117,234 | — | $117,234 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $78,172 | — | $78,172 |
| BAKER TILLY US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BANKING — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BAKER TILLY US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,406
- Estimated Expense Ratio: 0.042% 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 | $251,907 | $117,717 | — | — | — |
| 2023 | $98,826 | — | — | — | — |
| 2022 | $159,119 | — | — | — | — |