# Sparrows Offshore, LLC 401(k) Plan
Source: https://planprovider.pro/companies/sparrows-offshore-llc-401k-plan

> Sparrows Offshore, LLC's 401(k) plan: 249 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/riley-and-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|—|—|

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