Plan Snapshot
- Plan Sponsor: Sourcehov, LLC
- Sponsor EIN: 262270219
- Sponsor Address: 2701 E GRAUWYLER RD, IRVING, TX, 75061
- Plan Type: 401(k)
- Total Participants: 4,251
- Total Assets: $338.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 4,251 | $338.9M | $0 | $13.0M |
| 2023 | 5,069 | $332.7M | $0 | $15.5M |
| 2022 | 6,625 | $321.3M | $0 | $17.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $523,207 | — | $523,207 |
| UBS FINANCIAL SERVICE | INV ADV, PARTICIPANTS | $84,137 | — | $84,137 |
| SFC CERTIFIED PUBLIC | ACCOUNTANT | $18,500 | — | $18,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICE — INV ADV, PARTICIPANTS
- SFC CERTIFIED PUBLIC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $625,844
- Estimated Expense Ratio: 0.185% 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 | $626,201 | $18,500 | $523,564 | — | — |
| 2023 | $592,553 | $61,168 | $515,364 | $16,021 | — |
| 2022 | $637,200 | $80,000 | $522,200 | — | $35,000 |