Plan Snapshot
- Plan Sponsor: Purvis Industries, LLC
- Sponsor EIN: 752905412
- Sponsor Address: 10500 N STEMMONS FWY, DALLAS, TX, 75220
- Plan Type: 401(k)
- Total Participants: 1,020
- Total Assets: $55.5M
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 | 1,020 | $55.5M | $2.7M | $5.3M |
| 2023 | 900 | $45.6M | $1.8M | $4.4M |
| 2022 | 771 | $33.8M | $387,714 | $3.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $80,513 | — | $80,513 |
| WELLS FARGO ADVISORS | INVESTMENT ADVISOR | $26,250 | — | $26,250 |
| WEAVER AND TIDWELL LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- 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: $106,763
- Estimated Expense Ratio: 0.192% 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 | $106,763 | — | — | — | — |
| 2023 | $97,888 | $38,500 | — | — | — |
| 2022 | $78,640 | — | — | — | — |