Plan Snapshot
- Plan Sponsor: Herrera School Buses And Coaches, INC.
- Sponsor EIN: 850285702
- Sponsor Address: 10605 CENTRAL AVE NW, ALBUQUERQUE, NM, 871217707
- Plan Type: 401(k)
- Total Participants: 152
- Total Assets: $4.3M
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 | 152 | $4.3M | $30,960 | $241,082 |
| 2023 | 156 | $3.7M | $30,238 | $218,542 |
| 2022 | 176 | $3.2M | $28,572 | $213,836 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $7,495 | — | $7,495 |
| SJT GROUP LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SJT GROUP LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,495
- Estimated Expense Ratio: 0.173% 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 | $7,496 | — | $7,496 | — | — |
| 2023 | $5,547 | — | $5,547 | — | — |
| 2022 | $7,631 | — | $7,631 | — | — |