Plan Snapshot
- Plan Sponsor: Olson Engineering INC.
- Sponsor EIN: 760578086
- Sponsor Address: 1100 WEST ROUND BUNCH ROAD, BRIDGE CITY, TX, 77611
- Plan Type: 401(k)
- Total Participants: 134
- Total Assets: $15.8M
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 | 134 | $15.8M | $422,248 | $1.1M |
| 2023 | 152 | $13.6M | $431,285 | $1.1M |
| 2022 | 147 | $11.5M | $410,172 | $1.1M |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | NONE | $2,381 | $34,208 | $36,589 |
| EDWARD D JONES AND CO | NONE | $36,532 | — | $36,532 |
| SMITH + HOWARD PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,121
- Estimated Expense Ratio: 0.463% 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 | $41,160 | $39,454 | $1,706 | — | — |
| 2023 | $34,240 | $31,025 | $3,215 | — | — |
| 2022 | $30,172 | $26,889 | $3,283 | — | — |