Plan Snapshot
- Plan Sponsor: North Alamo Water Supply Corporation
- Sponsor EIN: 741595319
- Sponsor Address: 420 S. DOOLITTLE RD., EDINBURG, TX, 78542
- Plan Type: 401(k)
- Total Participants: 97
- Total Assets: $4.9M
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 | 97 | $4.9M | $280,914 | $178,690 |
| 2023 | 96 | $4.3M | $244,491 | $181,741 |
| 2022 | 97 | $3.5M | $236,896 | $167,242 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $49,761 | — | $49,761 |
| BURTON MCCUMBER & LONGORIA, LLP. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,761
- Estimated Expense Ratio: 1.012% 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 | $50,091 | — | $50,091 | — | — |
| 2023 | $42,457 | — | $42,457 | — | — |
| 2022 | $40,125 | — | $40,125 | — | — |