Plan Snapshot
- Plan Sponsor: Teal Construction Company
- Sponsor EIN: 741467034
- Sponsor Address: 1335 BRITTMOORE RD, HOUSTON, TX, 77043
- Plan Type: 401(k)
- Total Participants: 60
- Total Assets: $4.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 60 | $4.5M | $0 | $282,298 |
| 2023 | 50 | $4.6M | $0 | $257,093 |
| 2022 | 58 | $4.7M | $0 | $274,235 |
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 |
|---|---|---|---|---|
| BENTON, DUROY & IVEY, P.C. | Auditor | — | — | $0 |
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 | $793,635 | — | $28,332 | — | — |
| 2023 | $986,897 | — | $28,471 | — | — |
| 2022 | $25,113 | — | — | — | — |