Plan Snapshot
- Plan Sponsor: Karsten Interior Services, L.P.
- Sponsor EIN: 760511708
- Sponsor Address: 1711 TOWNHURST DRIVE, HOUSTON, TX, 77043
- Plan Type: 401(k)
- Total Participants: 313
- Total Assets: $8.8M
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 | 313 | $8.8M | $92,536 | $495,147 |
| 2023 | 280 | $7.7M | $512,353 | $466,453 |
| 2022 | 267 | $5.9M | $64,636 | $422,426 |
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 |
|---|---|---|---|---|
| EDWARD JONES | INVESTMENT ADVISORY | — | $15,084 | $15,084 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $7,024 | — | $7,024 |
| NOVA 401(K) ASSOCIATES | CONTRACT ADMIN | $6,283 | $4 | $6,287 |
| BENTON, DUROY & IVEY, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,395
- Estimated Expense Ratio: 0.324% 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 | $9,079 | — | $9,079 | — | — |
| 2023 | $7,092 | — | $7,092 | — | — |
| 2022 | $8,323 | — | $8,323 | — | — |