Plan Snapshot
- Plan Sponsor: Sharp Iron Group, LLC
- Sponsor EIN: 752890621
- Sponsor Address: 1206 HATTON ROAD, WICHITA FALLS, TX, 76302
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 159
- Total Assets: $9.5M
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. |
|---|---|---|---|---|
| 2025 | 159 | $9.5M | $0 | $0 |
| 2024 | 172 | $8.4M | $232,742 | $734,931 |
| 2023 | 171 | $7.0M | $220,194 | $639,840 |
| 2022 | 153 | $5.9M | $190,086 | $580,111 |
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 | $30,305 | — | $30,305 |
| LPL FINANCIAL LLC | Investment Advisor | $20,899 | — | $20,899 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,204
- Estimated Expense Ratio: 0.537% 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 |
|---|---|---|---|---|---|
| 2025 | $1,141,819 | $20,899 | — | — | — |
| 2024 | $46,761 | $19,063 | — | — | — |
| 2023 | $34,128 | $12,551 | — | — | — |
| 2022 | $34,425 | — | — | — | — |