Plan Snapshot
- Plan Sponsor: Principal Lighting Group, LLC
- Sponsor EIN: 823619688
- Sponsor Address: 3490 VENTURE DR, SAN ANGELO, TX, 76905
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $11.2M
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 | 154 | $11.2M | $376,051 | $812,269 |
| 2023 | 98 | $4.2M | $224,977 | $439,647 |
| 2022 | 86 | $3.1M | $187,870 | $400,438 |
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 |
|---|---|---|---|---|
| ARMSTRONG, BACKUS & CO., L.L.P. | 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 | $1,291,325 | — | $36,543 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $3,998 | — | $3,998 | — | — |