Plan Snapshot
- Plan Sponsor: Seatrax, INC.
- Sponsor EIN: 760363577
- Sponsor Address: P.O. BOX 840687, HOUSTON, TX, 77284
- Plan Type: 401(k)
- Total Participants: 441
- Total Assets: $15.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 441 | $15.8M | $189,741 | $1.2M |
| 2023 | 414 | $14.3M | $0 | $797,709 |
| 2022 | 394 | $12.1M | $0 | $768,522 |
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 |
|---|---|---|---|---|
| LOCKTON INVESTMENT ADVISORS, LLC | INVESTMENT ADVISOR | $29,113 | — | $29,113 |
| NEWPORT GROUP, INC | RECORDKEEPER | $9,136 | — | $9,136 |
| ROBERTSON & ROBERTSON PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LOCKTON INVESTMENT ADVISORS, LLC — INVESTMENT ADVISOR
- ROBERTSON & ROBERTSON PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,249
- Estimated Expense Ratio: 0.242% 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 | $38,249 | $29,113 | $240 | — | — |
| 2023 | $48,993 | $25,271 | — | — | — |
| 2022 | $59,302 | $25,200 | $28,337 | — | $5,765 |