# Frank Mayborn Enterprises, INC 401(k) Plan
Source: https://planprovider.pro/companies/frank-mayborn-enterprises-inc-401k-plan

> Frank Mayborn Enterprises, INC's 401(k) plan: 39 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Frank Mayborn Enterprises, INC

- **Sponsor EIN:** 742008402

- **Sponsor Address:** P.O. BOX 6114, TEMPLE, TX, 76503

- **Plan Type:** 401(k)

- **Total Participants:** 39

- **Total Assets:** $2.2M

## 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.|

| 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|TRUSTEE|$12,047|—|$12,047|

| LUDWICK, MONTGOMERY,& STAPP, P.C.|AUDITOR|$10,765|—|$10,765|

| JULY BUSINESS SERVICES|RECORDKEEPING|$7,217|—|$7,217|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LUDWICK, MONTGOMERY,& STAPP, P.C.](https://planprovider.pro/provider/ludwick-montgomery-and-stapp-pc) — AUDITOR

- [JULY BUSINESS SERVICES](https://planprovider.pro/provider/july-business-services) — RECORDKEEPING

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $30,029

- **Estimated Expense Ratio:** 1.343% 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|$30,572|—|$12,047|$10,765|—|

| 2023|$30,450|—|$12,257|$10,540|—|

| 2022|$62,646|—|$21,237|—|$41,409|

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