Plan Snapshot
- Plan Sponsor: Panel Specialists, INC.
- Sponsor EIN: 742567556
- Sponsor Address: 3115 RANGE ROAD, TEMPLE, TX, 76504
- Plan Type: 401(k)
- Total Participants: 91
- Total Assets: $6.9M
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 | 91 | $6.9M | $165,645 | $257,100 |
| 2023 | 95 | $6.1M | $164,747 | $266,453 |
| 2022 | 98 | $5.8M | $175,808 | $304,609 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $34,818 | — | $34,818 |
| INVESTORS BROKERAGE OF TEXAS, LTD | NONE | $14,352 | — | $14,352 |
| LUDWICK, MONTGOMERY & STAPP P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- LUDWICK, MONTGOMERY & STAPP P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,170
- Estimated Expense Ratio: 0.710% 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 | $49,170 | $10,132 | $39,038 | — | — |
| 2023 | $45,278 | $13,613 | $31,661 | — | — |
| 2022 | $49,338 | — | $49,338 | — | — |