Plan Snapshot
- Plan Sponsor: Modern Method Gunite, INC.
- Sponsor EIN: 760008170
- Sponsor Address: 21175 TOMBALL PKWY, #333, TOMBALL, TX, 77070
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 190
- Total Assets: $21.9M
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 | 190 | $21.9M | $925,559 | $657,546 |
| 2023 | 182 | $19.9M | $987,669 | $593,826 |
| 2022 | 171 | $16.3M | $965,678 | $605,886 |
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 |
|---|---|---|---|---|
| TANGLEWOOD LEGACY ADVISORS | Investment Advisor | $35,612 | — | $35,612 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $23,524 | — | $23,524 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,136
- Estimated Expense Ratio: 0.271% 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 | $71,766 | — | $71,766 | — | — |
| 2023 | $66,241 | — | $66,241 | — | — |
| 2022 | $71,434 | $67,127 | $4,307 | — | — |