Plan Snapshot
- Plan Sponsor: Sterling Infrastructure, INC.
- Sponsor EIN: 251655321
- Sponsor Address: 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS, TX, 773801683
- Plan Type: 401(k)
- Total Participants: 2,492
- Total Assets: $95.7M
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 | 2,492 | $95.7M | $4.3M | $6.0M |
| 2023 | 2,859 | $83.6M | $4.0M | $5.0M |
| 2022 | 2,250 | $74.3M | $4.2M | $5.3M |
| 2021 | 2,273 | $85.7M | $0 | $0 |
| 2020 | 2,225 | $66.2M | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $244,871 | — | $244,871 |
| ALLIANT RETIREMENT CONSULTING | INVESTMENT ADVISORY | — | $88,288 | $88,288 |
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $333,159
- Estimated Expense Ratio: 0.348% 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 | $244,871 | — | $244,871 | — | — |
| 2023 | $204,022 | — | $204,022 | — | — |
| 2022 | $220,352 | — | $217,609 | — | $2,743 |
| 2021 | $287,517 | — | $287,517 | — | — |
| 2020 | $241,296 | — | $230,032 | $11,264 | — |