Plan Snapshot
- Plan Sponsor: Nations Reliable Lending, LLC
- Sponsor EIN: 205973457
- Sponsor Address: 1220 AUGUSTA DRIVE, HOUSTON, TX, 770572261
- Plan Type: 401(k)
- Total Participants: 366
- Total Assets: $12.8M
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 | 366 | $12.8M | $0 | $1.2M |
| 2023 | 426 | $12.6M | $0 | $1.1M |
| 2022 | 448 | $12.2M | $326,268 | $2.3M |
| 2020 | 524 | $10.2M | $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 |
|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES LLC | INVESTMENT ADVISORY | $25,175 | $16 | $25,191 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $19,672 | — | $19,672 |
| RICHEY MAY & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RICHEY MAY & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,863
- Estimated Expense Ratio: 0.352% 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 | $43,955 | $25,183 | $18,772 | — | — |
| 2023 | $74,491 | $23,180 | $51,311 | — | — |
| 2022 | $43,926 | $28,302 | $15,624 | — | — |
| 2020 | $40,218 | $4,092 | $1,694 | — | — |