Plan Snapshot
- Plan Sponsor: Patterson Auto Center, INC.
- Sponsor EIN: 750421083
- Sponsor Address: P.O. BOX 5168, WICHITA FALLS, TX, 763075168
- Plan Type: 401(k)
- Total Participants: 80
- Total Assets: $933,439
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 | 80 | $933,439 | $3,767 | $15,159 |
| 2023 | 20 | $1.5M | $7,003 | $30,843 |
| 2022 | 39 | $2.7M | $49,782 | $259,943 |
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 |
|---|---|---|---|---|
| GREEN & MILLER, PC | 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 | $731,270 | — | $4,564 | — | — |
| 2023 | $1,413,758 | — | $5,950 | — | — |
| 2022 | $32,837 | $526 | — | — | — |