# Nec Networks, LLC 401(k) Plan
Source: https://planprovider.pro/companies/nec-networks-llc-401k-plan

> Nec Networks, LLC's 401(k) plan: 109 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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