Plan Snapshot
- Plan Sponsor: Performance Truck And Houston Heavy Duty Truck And Trailer
- Sponsor EIN: 741921037
- Sponsor Address: 1263 US HWY 59 NORTH, CLEVELAND, TX, 773272877
- Plan Type: 401(k)
- Total Participants: 332
- Total Assets: $28.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 332 | $28.0M | $431,089 | $1.8M |
| 2023 | 359 | $25.4M | $520,755 | $1.9M |
| 2022 | 374 | $20.9M | $463,756 | $1.7M |
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 | $85,217 | — | $85,217 |
| WEINSTEIN SPIRA & COMPANY PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,217
- Estimated Expense Ratio: 0.305% 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 | $85,263 | — | $85,263 | — | — |
| 2023 | $72,243 | — | $72,243 | — | — |
| 2022 | $66,532 | — | $66,532 | — | — |