Plan Snapshot
- Plan Sponsor: Independence Energy Management, LLC
- Sponsor EIN: 862772723
- Sponsor Address: 600 TRAVIS STREET, SUITE 7200, HOUSTON, TX, 77002
- Plan Type: 401(k)
- Total Participants: 884
- Total Assets: $79.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 884 | $79.0M | $4.5M | $7.3M |
| 2023 | 943 | $49.9M | $4.6M | $7.4M |
| 2022 | 843 | $30.5M | $3.3M | $5.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $110,460 | — | $110,460 |
| ALLIANT INSURANCE SERVICES INC DBA | INVESTMENT ADVISOR | $81,904 | — | $81,904 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $39,985 | — | $39,985 |
| RUSSON + JOHNSTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUSSON + JOHNSTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $232,349
- Estimated Expense Ratio: 0.294% 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 | $232,349 | $121,889 | — | — | — |
| 2023 | $150,361 | $76,699 | — | — | — |
| 2022 | $61,932 | $31,565 | $30,367 | — | — |