Plan Snapshot
- Plan Sponsor: J. Lee Milligan, INC.
- Sponsor EIN: 750971715
- Sponsor Address: 9200 TRIANGLE DRIVE, AMARILLO, TX, 79108
- Plan Type: 401(k)
- Total Participants: 368
- Total Assets: $10.8M
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 | 368 | $10.8M | $369,428 | $939,460 |
| 2023 | 331 | $10.1M | $324,529 | $828,296 |
| 2022 | 344 | $9.9M | $353,460 | $898,088 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC | ADVISOR | $34,100 | — | $34,100 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $13,332 | — | $13,332 |
| STEWART, MARTIN, DUDLEY & WEBB PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,432
- Estimated Expense Ratio: 0.438% 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 | $47,432 | $34,100 | — | — | — |
| 2023 | $53,082 | $32,944 | — | — | — |
| 2022 | $41,928 | — | — | — | — |