Plan Snapshot
- Plan Sponsor: Impact Floors Of Texas, LLC
- Sponsor EIN: 752658614
- Sponsor Address: 2325 EAST BELT LINE ROAD SUITE 200, CARROLLTON, TX, 75006
- Plan Type: 401(k)
- Total Participants: 224
- Total Assets: $11.5M
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 | 224 | $11.5M | $350,526 | $1.2M |
| 2023 | 205 | $5.9M | $258,012 | $938,982 |
| 2022 | 153 | $4.2M | $197,883 | $738,324 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $35,510 | — | $35,510 |
| GLOBAL RETIREMENT PARTNERS LLC | ADVISOR | $26,603 | — | $26,603 |
| PSK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GLOBAL RETIREMENT PARTNERS LLC — ADVISOR
- PSK LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,113
- Estimated Expense Ratio: 0.541% 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 | $63,844 | $28,334 | — | — | — |
| 2023 | $32,387 | $14,200 | — | — | — |
| 2022 | $32,274 | — | — | — | — |