Plan Snapshot
- Plan Sponsor: Teche Action Board INC.
- Sponsor EIN: 726073441
- Sponsor Address: 1115 WEBER ST., FRANKLIN, LA, 70538
- Plan Type: 401(k)
- Total Participants: 177
- Total Assets: $8.0M
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 | 177 | $8.0M | $234,513 | $457,417 |
| 2023 | 193 | $6.6M | $233,876 | $468,129 |
| 2022 | 178 | $6.8M | $212,818 | $422,943 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL | Investment Advisor | $25,413 | — | $25,413 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $10,029 | — | $10,029 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,360 | — | $8,360 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,802
- Estimated Expense Ratio: 0.549% 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 | $43,802 | $33,773 | — | — | — |
| 2023 | $43,008 | $31,167 | — | — | — |
| 2022 | $51,447 | — | $51,447 | — | — |