Plan Snapshot
- Plan Sponsor: Lawton Group LLC
- Sponsor EIN: 202867124
- Sponsor Address: PO BOX 1179, MCKINNEY, TX, 75070
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $3.4M
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 | 109 | $3.4M | $135,726 | $367,084 |
| 2023 | 126 | $2.8M | $161,181 | $306,600 |
| 2022 | 129 | $2.1M | $143,667 | $279,412 |
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 | CONTRACT ADMINISTRATOR | $22,013 | — | $22,013 |
| MCBEE & CO, PC | ACCOUNTANT | $12,225 | — | $12,225 |
| TBS AGENCY INC | OTHER SERVICES | — | $7,159 | $7,159 |
| NOVA 401(K) ASSOCIATES | ACCOUNTANT | $4,915 | $1,297 | $6,212 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,609
- Estimated Expense Ratio: 1.387% 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 | $39,153 | — | $26,928 | $12,225 | — |
| 2023 | $23,918 | — | $16,968 | $6,950 | — |
| 2022 | $15,532 | — | $15,532 | — | — |