Plan Snapshot
- Plan Sponsor: Southeast Texas Classic Automotive, INC.
- Sponsor EIN: 760603797
- Sponsor Address: 1000 IH 10 NORTH, BEAUMONT, TX, 77702
- Plan Type: 401(k)
- Total Participants: 540
- Total Assets: $38.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 540 | $38.8M | $382,900 | $2.7M |
| 2023 | 519 | $34.6M | $379,395 | $2.6M |
| 2022 | 489 | $29.6M | $365,866 | $2.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $56,720 | — | $56,720 |
| COOK PARKER PLLC | AUDITOR | $8,795 | — | $8,795 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,515
- Estimated Expense Ratio: 0.169% 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 | $65,690 | — | $13,546 | $8,795 | — |
| 2023 | $27,794 | — | $18,629 | $8,765 | — |
| 2022 | $30,438 | — | $21,146 | — | $8,655 |