Plan Snapshot
- Plan Sponsor: Network Funding, L.P.
- Sponsor EIN: 760561995
- Sponsor Address: 10370 RICHMOND AVE., HOUSTON, TX, 77042
- Plan Type: 401(k)
- Total Participants: 262
- Total Assets: $32.6M
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 | 262 | $32.6M | $535,242 | $1.2M |
| 2023 | 260 | $29.5M | $585,471 | $1.2M |
| 2022 | 362 | $25.8M | $941,986 | $1.9M |
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 |
|---|---|---|---|---|
| ADVISENT ASSURANCE, LLP | Auditor | — | — | $0 |
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 | $99,311 | — | $99,311 | — | — |
| 2023 | $90,302 | — | $90,302 | — | — |
| 2022 | $94,246 | — | $94,246 | — | — |