Plan Snapshot
- Plan Sponsor: Strategic Materials
- Sponsor EIN: 760297116
- Sponsor Address: 17220 KATY FREEWAY, HOUSTON, TX, 77094
- Plan Type: 401(k)
- Total Participants: 576
- Total Assets: $20.5M
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 | 576 | $20.5M | $769,261 | $2.1M |
| 2023 | 558 | $18.8M | $700,125 | $2.0M |
| 2022 | 586 | $15.1M | $518,503 | $1.7M |
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 |
|---|---|---|---|---|
| TOWERS WATSON INVESTMENT SERVICES | Investment Advisor | $46,355 | — | $46,355 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $29,857 | — | $29,857 |
| PANNELL KERR FORSTER OF TEXAS PC | Other Service Provider | $25,356 | — | $25,356 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $5,001 | — | $5,001 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,569
- Estimated Expense Ratio: 0.520% 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 | $106,569 | $51,356 | — | — | — |
| 2023 | $79,074 | $44,185 | — | $7,500 | — |
| 2022 | $86,648 | $4,268 | — | — | — |