Plan Snapshot
- Plan Sponsor: Magneto & Diesel Injector Service, INC.
- Sponsor EIN: 741502472
- Sponsor Address: 7902 FM 1960 BYPASS ROAD WEST, HUMBLE, TX, 773384002
- Plan Type: 401(k)
- Total Participants: 557
- Total Assets: $27.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 557 | $27.2M | $790,523 | $2.0M |
| 2023 | 502 | $20.2M | $590,748 | $1.5M |
| 2022 | 246 | $18.4M | $364,732 | $976,546 |
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 |
|---|---|---|---|---|
| BOKF, NA | Recordkeeper | $91,975 | — | $91,975 |
| CHARLES SCHWAB TRUST BANK | Custodian / Trustee | $9,744 | $380 | $10,124 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,099
- Estimated Expense Ratio: 0.376% 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 | $101,719 | $75,849 | — | — | — |
| 2023 | $81,039 | $62,232 | — | — | — |
| 2022 | $78,021 | $66,200 | $6,506 | — | $5,315 |