Plan Snapshot
- Plan Sponsor: Readyone Industries
- Sponsor EIN: 742544266
- Sponsor Address: 1414 ABILITY DRIVE, EL PASO, TX, 799366415
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 515
- Total Assets: $3.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 515 | $3.2M | $93,506 | $212,467 |
| 2023 | 446 | $2.8M | $73,954 | $189,123 |
| 2022 | 375 | $2.3M | $73,811 | $165,392 |
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 |
|---|---|---|---|---|
| LAUTERBACH, BORSCHOW & COMPANY | 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 | $47,803 | — | $47,803 | — | — |
| 2023 | $29,862 | — | $29,862 | — | — |
| 2022 | $34,260 | — | $34,260 | — | — |