Plan Snapshot
- Plan Sponsor: Shreveport Transit Management, INC.
- Sponsor EIN: 721150610
- Sponsor Address: 1115 JACK WELLS BLVD., SHREVEPORT, LA, 71137
- Plan Type: DB
- Total Participants: 102
- Total Assets: $12.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 102 | $12.8M | $753,235 | $753,235 |
| 2023 | 100 | $11.8M | $729,785 | $729,785 |
| 2022 | 105 | $10.3M | $498,836 | $500,278 |
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 |
|---|---|---|---|---|
| REGIONS BANK | NONE | $87,523 | — | $87,523 |
| HEARD, MCELROY & VESTAL | NONE | $12,500 | — | $12,500 |
| OSBORN, CARREIRO & ASSOCIATES, INC. | NONE | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,023
- Estimated Expense Ratio: 0.826% 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 | $286,093 | $87,523 | — | $12,500 | — |
| 2023 | $277,184 | $78,759 | — | $17,900 | — |
| 2022 | $234,576 | $82,458 | — | — | $6,000 |