Plan Snapshot
- Plan Sponsor: Summit Industrial Construction, LLC
- Sponsor EIN: 452831413
- Sponsor Address: 2100 TRAVIS ST STE 610, HOUSTON, TX, 77002
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 431
- Total Assets: $5.6M
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. |
|---|---|---|---|---|
| 2023 | 431 | $5.6M | $219,760 | $1.2M |
| 2022 | 289 | $3.6M | $165,279 | $678,939 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $34,754 | — | $34,754 |
| STEPHENS GROUP ASSET MANAGEMENT LLC | Investment Advisor | $16,284 | — | $16,284 |
| JAMES M MOYNA CPA PC | Auditor | $10,250 | — | $10,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,288
- Estimated Expense Ratio: 1.094% 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 |
|---|---|---|---|---|---|
| 2023 | $62,498 | $17,147 | — | $10,250 | — |
| 2022 | $53,297 | $14,887 | $28,910 | — | $9,500 |