Plan Snapshot
- Plan Sponsor: Shearer Supply, LLC
- Sponsor EIN: 752948578
- Sponsor Address: TWO HICKORY CENTRE, FARMERS BRANCH, TX, 75234
- Plan Type: 401(k)
- Total Participants: 412
- Total Assets: $15.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 412 | $15.3M | $759,578 | $1.3M |
| 2023 | 248 | $8.9M | $480,535 | $844,058 |
| 2022 | 224 | $6.7M | $482,385 | $777,807 |
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 |
|---|---|---|---|---|
| WATSON FINANCIAL, 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 | $4,731 | — | $4,731 | — | — |
| 2023 | $1,408 | — | $1,408 | — | — |
| 2022 | $2,277 | — | $2,277 | — | — |