Plan Snapshot
- Plan Sponsor: Rignet, INC.
- Sponsor EIN: 760677208
- Sponsor Address: 15115 PARK ROW BOULEVARD, SUITE 300, HOUSTON, TX, 77084
- Plan Type: 401(k)
- Total Participants: 200
- Total Assets: $20.4M
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 | 200 | $20.4M | $11,995 | $11,857 |
| 2023 | 211 | $19.0M | $0 | $0 |
| 2022 | 244 | $18.6M | $413,001 | $1.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $13,840 | — | $13,840 |
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,840
- Estimated Expense Ratio: 0.068% 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 | $13,840 | — | — | — | — |
| 2023 | $16,338 | — | — | — | — |
| 2022 | $58,052 | — | — | — | — |