Plan Snapshot
- Plan Sponsor: Mcelroy Metal, INC.
- Sponsor EIN: 720573087
- Sponsor Address: P.O. BOX 1148, SHREVEPORT, LA, 71163
- Plan Type: 401(k)
- Total Participants: 664
- Total Assets: $69.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 664 | $69.3M | $671,846 | $2.3M |
| 2023 | 635 | $61.8M | $631,664 | $2.3M |
| 2022 | 625 | $53.4M | $5.6M | $2.4M |
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 |
|---|---|---|---|---|
| HEARD, MCELROY & VESTAL, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HEARD, MCELROY & VESTAL, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $127,566 | $45,487 | — | — | — |
| 2023 | $108,075 | $52,809 | — | — | — |
| 2022 | $106,474 | $34,409 | — | — | — |