Plan Snapshot
- Plan Sponsor: Hargrove Electric Co., INC.
- Sponsor EIN: 751161670
- Sponsor Address: 1522 MARKET CENTER BLVD., DALLAS, TX, 75207
- Plan Type: DC
- Total Participants: 47
- Total Assets: $3.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 47 | $3.8M | $106,071 | $0 |
| 2023 | 47 | $3.6M | $100,000 | $0 |
| 2022 | 124 | $3.2M | $100,000 | $0 |
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 |
|---|---|---|---|---|
| WEDBUSH SECURITIES | BROKERAGE FIRM | $54,687 | — | $54,687 |
| WATSON FINANCIAL, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,687
- Estimated Expense Ratio: 1.434% 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 | $54,687 | $54,687 | — | — | — |
| 2023 | $50,328 | $50,328 | — | — | — |
| 2022 | — | — | — | — | — |