Plan Snapshot
- Plan Sponsor: Texas Sonic Employers Trade Association, INC.
- Sponsor EIN: 752567775
- Sponsor Address: 2221 LAKESIDE BLVD., SUITE 750, RICHARDSON, TX, 75082
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 18,270
- Total Assets: $7.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 18,270 | $7.0M | $1.7M | $0 |
| 2023 | 19,020 | $7.3M | $1.9M | $0 |
| 2022 | 20,580 | $7.3M | $2.1M | $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 |
|---|---|---|---|---|
| ARTHUR J. GALLAGHER & CO. | Investment Advisor | $422,025 | — | $422,025 |
| PROVIDENCE RISK MANAGEMENT | Other Service Provider | $208,645 | — | $208,645 |
| PARTNERSOURCE | Other Service Provider | $143,688 | — | $143,688 |
| THE EWBANK GROUP, P.C. | Other Service Provider | $32,000 | — | $32,000 |
| RUBINBROWN LLP | Auditor | $31,800 | — | $31,800 |
| REGIONS BANK | Other Service Provider | $15,551 | — | $15,551 |
| HAYNES & BOONE | Other Service Provider | $11,571 | — | $11,571 |
| ARAWAC | Other Service Provider | $10,000 | — | $10,000 |
| MILLIMAN | Recordkeeper | $8,400 | — | $8,400 |
| BANK OF TEXAS | Other Service Provider | $5,792 | — | $5,792 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ARTHUR J. GALLAGHER & CO. — Investment Advisor
- RUBINBROWN LLP — Auditor
- MILLIMAN — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $889,472
- Estimated Expense Ratio: 12.761% 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 | $972,088 | — | $806,358 | $16,575 | — |
| 2023 | $899,944 | — | $766,195 | $24,000 | — |
| 2022 | $1,032,252 | — | $713,029 | — | $257,705 |