Plan Snapshot
- Plan Sponsor: Sparrows Offshore, LLC
- Sponsor EIN: 200100337
- Sponsor Address: 6707 NORTHWINDS DRIVE, HOUSTON, TX, 77401
- Plan Type: 401(k)
- Total Participants: 249
- Total Assets: $17.9M
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 | 249 | $17.9M | $575,748 | $1.6M |
| 2023 | 283 | $16.2M | $562,697 | $1.6M |
| 2022 | 240 | $13.4M | $435,043 | $1.3M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $77,047 | $3,760 | $80,807 |
| D.H. HILL ADVISORS, INC. | NONE | $37,200 | — | $37,200 |
| RILEY & COMPANY PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RILEY & COMPANY PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,007
- Estimated Expense Ratio: 0.660% 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 | $114,170 | $37,200 | $76,970 | — | — |
| 2023 | $92,917 | $31,724 | $61,193 | — | — |
| 2022 | $88,333 | — | $88,333 | — | — |