# Herrera School Buses And Coaches, INC. 401(k) Plan
Source: https://planprovider.pro/companies/herrera-school-buses-and-coaches-inc-401k-plan

> Herrera School Buses And Coaches, INC.'s 401(k) plan: 152 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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