Plan Snapshot
- Plan Sponsor: Lockwood Partners, LLC
- Sponsor EIN: 320575861
- Sponsor Address: PO BOX 53466, HOUSTON, TX, 77052
- Plan Type: 401(k)
- Total Participants: 42
- Total Assets: $6.0M
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 | 42 | $6.0M | $97,794 | $219,933 |
| 2023 | 31 | $5.8M | $46,577 | $216,892 |
| 2022 | 33 | $5.3M | $0 | $200,475 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $13,200 | — | $13,200 |
| EEPB | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,200
- Estimated Expense Ratio: 0.220% 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 | $13,200 | — | $13,200 | — | — |
| 2023 | $11,765 | — | $11,765 | — | — |
| 2022 | $14,881 | — | $14,881 | — | — |