Plan Snapshot
- Plan Sponsor: Mcdermott Investments
- Sponsor EIN: 741032246
- Sponsor Address: 915 N ELDRIDGE PARKWAY, HOUSTON, TX, 77079
- Plan Type: 401(k)
- Total Participants: 5,104
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,104 | $1.4B | $10.4M | $23.8M |
| 2023 | 3,605 | $1.3B | $18.8M | $20.9M |
| 2022 | 3,316 | $1.2B | $8.8M | $21.9M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $174,906 | — | $174,906 |
| MERCER INVESTMENT LLC | CONSULTANT | $128,714 | — | $128,714 |
| ESLER & VANDERSCHAAFF CO., L.P.A. | ATTORNEY/LEGAL | $32,647 | — | $32,647 |
| CALVETTI FERGUSON, P.C. | ACCOUNTANT/AUDITOR | $30,000 | — | $30,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $366,267
- Estimated Expense Ratio: 0.027% 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 | -$10,556 | $174,906 | $2,100 | $30,000 | — |
| 2023 | -$16,386 | $185,001 | $3,300 | $28,000 | — |
| 2022 | $70,003 | $203,878 | — | — | — |