Plan Snapshot
- Plan Sponsor: Lanehart Electrical Contractors, LLC
- Sponsor EIN: 760121360
- Sponsor Address: 8001 JETSTAR DRIVE, SUITE 175, IRVING, TX, 75063
- Plan Type: 401(k)
- Total Participants: 507
- Total Assets: $16.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 507 | $16.7M | $225,201 | $1.2M |
| 2023 | 505 | $14.1M | $222,452 | $1.2M |
| 2022 | 542 | $11.9M | $435,853 | $1.2M |
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 |
|---|---|---|---|---|
| PROACCOUNT | MONEY MANAGER | $95,524 | — | $95,524 |
| CECILCO | ADMINISTRATOR | $14,221 | $28,059 | $42,280 |
| NATIONWIDE | RECORDKEEPER | $31,937 | $553 | $32,490 |
| ROBERT CECIL JR | INVESTMENT ADVISORY | — | $16,292 | $16,292 |
| PRICEKUBECKA,PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PROACCOUNT — MONEY MANAGER
- NATIONWIDE — RECORDKEEPER
- PRICEKUBECKA,PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $186,586
- Estimated Expense Ratio: 1.117% 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 | $112,726 | $95,876 | $13,680 | — | — |
| 2023 | $109,854 | $80,869 | $28,099 | — | — |
| 2022 | $109,910 | — | $109,910 | — | — |