Plan Snapshot
- Plan Sponsor: Madera Residential
- Sponsor EIN: 752458512
- Sponsor Address: 5214 68TH STREET, LUBBOCK, TX, 79424
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 310
- Total Assets: $9.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 310 | $9.3M | $0 | $0 |
| 2024 | 481 | $8.2M | $874,428 | $1.5M |
| 2023 | 527 | $5.5M | $811,214 | $1.3M |
| 2022 | 549 | $3.0M | $715,699 | $1.1M |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INS | Other Service Provider | $64,685 | — | $64,685 |
| ADMIN. GROUP, LLC DBA TAG RESOURCES | Other Service Provider | $29,100 | — | $29,100 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,785
- Estimated Expense Ratio: 1.004% 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 | $2,925,016 | $3,604 | — | — | — |
| 2024 | $78,073 | $2,855 | — | — | — |
| 2023 | $54,907 | — | — | — | — |
| 2022 | $32,228 | — | $32,228 | — | — |