Plan Snapshot
- Plan Sponsor: Fenix Management, LLC
- Sponsor EIN: 853830614
- Sponsor Address: 860 AIRPORT FWY SUITE 701, HURST, TX, 76054
- Plan Type: 401(k)
- Total Participants: 1,163
- Total Assets: $40.0M
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 | 1,163 | $40.0M | $1.9M | $3.2M |
| 2023 | 1,061 | $32.9M | $1.6M | $2.8M |
| 2022 | 999 | $25.6M | $1.5M | $2.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $123,832 | — | $123,832 |
| ASCENSUS HOLDINGS INC DBA FUTUREPLA | OTHER | $32,328 | — | $32,328 |
| KESTRA ADVISORY SERVICES LLC | INVESTMENT ADVISOR | $28,175 | — | $28,175 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $18,985 | — | $18,985 |
| SMITH AND HOWARD PC | AUDITOR | $14,000 | — | $14,000 |
| SMITH & HOWARD, PC | Auditor | $14,000 | — | $14,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $231,320
- Estimated Expense Ratio: 0.579% 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 | $217,320 | $47,160 | $32,328 | $14,000 | — |
| 2023 | $192,316 | $28,332 | $48,559 | $25,500 | — |
| 2022 | $131,030 | $69,180 | $61,850 | — | — |