Plan Snapshot
- Plan Sponsor: Sharon Young, INC.
- Sponsor EIN: 752122740
- Sponsor Address: 10367 BROCKWOOD DR., DALLAS, TX, 75238
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $16.4M
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 | 116 | $16.4M | $450,037 | $621,794 |
| 2023 | 108 | $14.0M | $425,392 | $597,297 |
| 2022 | 112 | $12.3M | $206,733 | $294,008 |
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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM, LLC | 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 | $50,796 | $32,703 | — | — | — |
| 2023 | $40,991 | $28,811 | — | — | — |
| 2022 | $26,992 | $20,360 | — | — | — |