Plan Snapshot
- Plan Sponsor: Seatrium Amfels, INC.
- Sponsor EIN: 742468713
- Sponsor Address: 20000 STATE HIGHWAY 48, BROWNSVILLE, TX, 78521
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 351
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 351 | $8.3M | $0 | $0 |
| 2024 | 445 | $10.9M | $355,564 | $1.0M |
| 2023 | 446 | $9.6M | $290,504 | $799,797 |
| 2022 | 411 | $8.4M | $243,659 | $710,504 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $74,770 | — | $74,770 |
| LOREN D. STARK COMPANY | Recordkeeper | $22,206 | $8,090 | $30,296 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,066
- Estimated Expense Ratio: 1.263% 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 |
|---|---|---|---|---|---|
| 2025 | $4,991,858 | — | $87,285 | — | — |
| 2024 | $75,354 | — | $70,971 | — | — |
| 2023 | $58,522 | — | $58,522 | — | — |
| 2022 | $56,808 | — | $56,808 | — | — |