Plan Snapshot
- Plan Sponsor: Faust Distributing Company, INC.
- Sponsor EIN: 741386097
- Sponsor Address: P.O. BOX 24728, HOUSTON, TX, 772294728
- Plan Type: 401(k)
- Total Participants: 375
- Total Assets: $36.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 375 | $36.3M | $526,335 | $1.6M |
| 2023 | 396 | $35.0M | $574,233 | $1.7M |
| 2022 | 364 | $29.8M | $492,299 | $1.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $56,946 | — | $56,946 |
| GLOBAL RETIREMENT PARTNERS LLC | ADVISOR | $28,000 | — | $28,000 |
| EDWARDS & LEATHERS , P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GLOBAL RETIREMENT PARTNERS LLC — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,946
- Estimated Expense Ratio: 0.234% 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 | $84,946 | $28,000 | — | — | — |
| 2023 | $79,722 | $28,000 | — | — | — |
| 2022 | $81,593 | — | — | — | — |