Plan Snapshot
- Plan Sponsor: Sharp Iron Group, LLC
- Sponsor EIN: 752890621
- Sponsor Address: 1206 HATTON ROAD, WICHITA FALLS, TX, 76302
- Plan Type: 401(k)
- Total Participants: 172
- Total Assets: $8.4M
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 | 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 | $27,698 | — | $27,698 |
| LPL FINANCIAL LLC | ADVISOR | $19,063 | — | $19,063 |
| FREEMON, SHAPARD & STORY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LPL FINANCIAL LLC — ADVISOR
- FREEMON, SHAPARD & STORY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,761
- Estimated Expense Ratio: 0.555% 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 | $46,761 | $19,063 | — | — | — |
| 2023 | $34,128 | $12,551 | — | — | — |
| 2022 | $34,425 | — | — | — | — |