Plan Snapshot
- Plan Sponsor: Mcdermott Investments, LLC
- Sponsor EIN: 741032246
- Sponsor Address: 915 N ELDRIDGE PARKWAY, HOUSTON, TX, 77079
- Plan Type: DB
- Plan Number: 001
- Total Participants: 42
- Total Assets: $7.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 42 | $7.1M | $210,000 | $0 |
| 2022 | 37 | $6.5M | $0 | $0 |
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 |
|---|---|---|---|---|
| PRUDENTIAL RET. INS. & ANNUITY CO. | Other Service Provider | $54,571 | — | $54,571 |
| MERCER | Other Service Provider | $37,527 | — | $37,527 |
| THE BANK OF NEW YORK MELL | Other Service Provider | $36,880 | — | $36,880 |
| CALVETTI FERGUSON | Other Service Provider | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,978
- Estimated Expense Ratio: 1.947% 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 |
|---|---|---|---|---|---|
| 2023 | $188,158 | — | $54,570 | — | — |
| 2022 | $136,320 | — | — | — | — |