Plan Snapshot
- Plan Sponsor: Megatel Homes, LLC
- Sponsor EIN: 223930429
- Sponsor Address: 2101 CEDAR SPRINGS RD, DALLAS, TX, 752011504
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $1.6M
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 | 145 | $1.6M | $0 | $626,324 |
| 2023 | 145 | $1.3M | $0 | $586,833 |
| 2022 | 157 | $927,403 | $0 | $502,579 |
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 |
|---|---|---|---|---|
| LANE GORMAN TRUBITT, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LANE GORMAN TRUBITT, 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 | $25,857 | $7,174 | $18,683 | — | — |
| 2023 | $17,182 | $2,103 | $15,079 | — | — |
| 2022 | $12,974 | — | $12,974 | — | — |