# Specs Family Partners, Ltd. 401(k) Plan
Source: https://planprovider.pro/companies/specs-family-partners-ltd-401k-plan

> Specs Family Partners, Ltd.&#39;s 401(k) plan: 4,359 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Specs Family Partners, Ltd.

- **Sponsor EIN:** 741532648

- **Sponsor Address:** 2410 SMITH STREET, HOUSTON, TX, 77006

- **Plan Type:** 401(k)

- **Total Participants:** 4,359

- **Total Assets:** $19.0M

## 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|4,359|$19.0M|$1.6M|$4.5M|

| 2023|4,179|$13.0M|$1.7M|$3.8M|

| 2022|3,545|$6.8M|$239,183|$590,108|

| 2021|3,543|$7.8M|$0|$0|

## 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|

| BDO USA, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BDO USA, P.C.](https://planprovider.pro/provider/bdo-usa-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$454,907|$31,242|$423,665|—|—|

| 2023|$328,505|$19,943|$308,562|—|—|

| 2022|$59,914|$18,656|$41,258|—|—|

| 2021|$66,017|$32,680|—|$33,337|—|

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