Plan Snapshot
- Plan Sponsor: Nec Networks, LLC
- Sponsor EIN: 742960358
- Sponsor Address: 219 E HOUSTON STREET, SAN ANTONIO, TX, 78205
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $7.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 109 | $7.6M | $307,661 | $578,736 |
| 2023 | 110 | $6.7M | $332,673 | $609,925 |
| 2022 | 109 | $6.0M | $364,798 | $684,281 |
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 |
|---|---|---|---|---|
| COULTER & JUSTUS | Auditor | $6,500 | — | $6,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,500
- Estimated Expense Ratio: 0.086% 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 | $58,956 | $9,914 | $21,486 | $6,500 | — |
| 2023 | $58,304 | — | — | — | — |
| 2022 | $55,975 | — | $55,975 | — | — |