Plan Snapshot
- Plan Sponsor: Industrial Piping Specialists, INC.
- Sponsor EIN: 731288897
- Sponsor Address: PO BOX 581270, TULSA, OK, 74158
- Plan Type: 401(k)
- Total Participants: 326
- Total Assets: $35.7M
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 | 326 | $35.7M | $1.0M | $1.8M |
| 2023 | 308 | $31.0M | $974,307 | $1.7M |
| 2022 | 275 | $27.3M | $879,504 | $1.6M |
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 |
|---|---|---|---|---|
| HOGANTAYLOR LLP | Auditor | $17,500 | — | $17,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HOGANTAYLOR LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,500
- Estimated Expense Ratio: 0.049% 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 | $162,624 | $78,548 | $3,250 | $17,500 | — |
| 2023 | $151,686 | $26,383 | $3,150 | $16,400 | — |
| 2022 | $139,779 | $99,849 | $15,180 | — | $24,750 |