Plan Snapshot
- Plan Sponsor: Sharp Oilfield Services, LLC
- Sponsor EIN: 274582821
- Sponsor Address: 3603 FM 51, GAINESVILLE, TX, 76240
- Plan Type: 401(k)
- Total Participants: 220
- Total Assets: $3.8M
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 | 220 | $3.8M | $162,891 | $272,394 |
| 2023 | 196 | $3.6M | $226,277 | $437,635 |
| 2022 | 236 | $2.6M | $237,247 | $458,262 |
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 |
|---|---|---|---|---|
| ARMSTRONG BACKUS & CO., LLP | 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 | $40,458 | $38,444 | $2,014 | — | — |
| 2023 | $31,746 | $29,615 | $2,131 | — | — |
| 2022 | $26,783 | $24,726 | $2,057 | — | — |