Plan Snapshot
- Plan Sponsor: Priority Power Management, LLC
- Sponsor EIN: 752919300
- Sponsor Address: 2201 E LAMAR BLVD STE 275, ARLINGTON, TX, 760067427
- Plan Type: 401(k)
- Total Participants: 213
- Total Assets: $27.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 213 | $27.4M | $1.2M | $2.6M |
| 2023 | 208 | $21.0M | $1.0M | $2.2M |
| 2022 | 0 | $14.7M | $774,492 | $1.6M |
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 | $114,442 | — | $114,442 |
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISORY | — | $56,660 | $56,660 |
| PENSION RESOURCES CORPORATION | OTHER SERVICES | — | $10,243 | $10,243 |
| WEAVER AND TIDWELL, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — INVESTMENT ADVISORY
- WEAVER AND TIDWELL, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $181,345
- Estimated Expense Ratio: 0.662% 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 | $114,443 | — | $114,443 | — | — |
| 2023 | $82,587 | — | $82,587 | — | — |
| 2022 | — | — | — | — | — |