Plan Snapshot
- Plan Sponsor: Frank Mayborn Enterprises, INC
- Sponsor EIN: 742008402
- Sponsor Address: P.O. BOX 6114, TEMPLE, TX, 76503
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 92
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 92 | $2.4M | $0 | $0 |
| 2024 | 39 | $2.2M | $0 | $49,274 |
| 2023 | 82 | $2.5M | $0 | $55,148 |
| 2022 | 54 | $2.3M | $49,846 | $56,121 |
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 |
|---|---|---|---|---|
| EXTRACO BANKS | Custodian / Trustee | $11,627 | — | $11,627 |
| LUDWICK,MONTGOMERY,STAPP&COWAN P.C. | Auditor | $11,105 | — | $11,105 |
| JULY BUSINESS SERVICES | Recordkeeper | $6,806 | — | $6,806 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,538
- Estimated Expense Ratio: 1.219% 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 |
|---|---|---|---|---|---|
| 2025 | $58,589 | — | $11,627 | $11,105 | — |
| 2024 | $30,572 | — | $12,047 | $10,765 | — |
| 2023 | $30,450 | — | $12,257 | $10,540 | — |
| 2022 | $62,646 | — | $21,237 | — | $41,409 |