Plan Snapshot
- Plan Sponsor: Itex Property Management, LLC
- Sponsor EIN: 200163462
- Sponsor Address: 3735 HONEYWOOD TRL., PORT ARTHUR, TX, 77642
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $3.8M
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 | 211 | $3.8M | $256,525 | $429,089 |
| 2023 | 217 | $3.3M | $213,737 | $339,963 |
| 2022 | 195 | $2.6M | $228,590 | $359,819 |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | Investment Advisor | $16,675 | — | $16,675 |
| CAPITAL GROUP RETIREMENT PLAN SERVI | Recordkeeper | $16,645 | — | $16,645 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,320
- Estimated Expense Ratio: 0.868% 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 | $35,900 | — | $35,900 | — | — |
| 2023 | $8,996 | — | — | — | — |
| 2022 | $2,903 | — | — | — | — |