Plan Snapshot
- Plan Sponsor: Southern Petroleum Laboratories, INC.
- Sponsor EIN: 741297648
- Sponsor Address: 8850 INTERCHANGE DRIVE, HOUSTON, TX, 77054
- Plan Type: 401(k)
- Total Participants: 529
- Total Assets: $16.4M
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 | 529 | $16.4M | $609,377 | $1.4M |
| 2023 | 528 | $14.8M | $494,217 | $1.3M |
| 2022 | 436 | $13.9M | $358,328 | $610,687 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FSA INC. | INVESTMENT ADVISOR | $32,513 | — | $32,513 |
| NOVA 401(K) ASSOCIATES | CONTRACT ADMIN | $17,004 | — | $17,004 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $15,719 | — | $15,719 |
| LPL FINANCIAL | INVESTMENT ADVISOR | $6,048 | — | $6,048 |
| PRICEKUBECKA, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRICEKUBECKA, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,284
- Estimated Expense Ratio: 0.435% 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 | $68,185 | — | $52,385 | — | — |
| 2023 | $50,464 | $40,439 | — | — | — |
| 2022 | — | — | — | — | — |