# Permian Ford-Lincoln, INC. 401(k) Plan
Source: https://planprovider.pro/companies/permian-ford-lincoln-mercury-inc-401k-plan

> Permian Ford-Lincoln, INC.'s 401(k) plan: 175 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Permian Ford-Lincoln, INC.

- **Sponsor EIN:** 850203221

- **Sponsor Address:** 1000 N DAL PASO ST, HOBBS., NM, 88240

- **Plan Type:** 401(k)

- **Total Participants:** 175

- **Total Assets:** $9.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|175|$9.9M|$184,485|$648,738|

| 2023|152|$8.0M|$133,630|$570,884|

| 2022|219|$6.5M|$0|$648,865|

| 2020|189|$6.5M|$0|$0|

## 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|

| WHITLEY PENN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WHITLEY PENN LLP](https://planprovider.pro/provider/whitley-penn-llp) — Auditor

## 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|$34,748|$2,122|—|—|—|

| 2023|$10,424|—|$8,186|—|—|

| 2022|$1,810|—|$1,810|—|—|

| 2020|$2,059|—|$140|—|—|

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