Plan Snapshot
- Plan Sponsor: Labcon, INC.
- Sponsor EIN: 752490564
- Sponsor Address: 3022 ROY ORR BLVD, GRAND PRAIRIE, TX, 75050
- Plan Type: 401(k)
- Total Participants: 441
- Total Assets: $4.2M
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 | 441 | $4.2M | $0 | $276,494 |
| 2023 | 600 | $3.8M | $0 | $312,716 |
| 2022 | 564 | $3.1M | $0 | $296,698 |
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 |
|---|---|---|---|---|
| MILVERN RAY AND COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $275,025 | — | $29,623 | — | — |
| 2023 | $162,382 | — | $25,433 | — | — |
| 2022 | $27,290 | $174 | — | — | — |