Plan Snapshot
- Plan Sponsor: Tommie Vaughn Motors, INC.
- Sponsor EIN: 741052658
- Sponsor Address: 1201 N SHEPHERD DR, HOUSTON, TX, 77008
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $7.5M
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 | 170 | $7.5M | $0 | $429,598 |
| 2023 | 143 | $7.3M | $0 | $435,983 |
| 2022 | 131 | $6.8M | $0 | $444,411 |
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 | $22,668 | — | $22,668 |
| FRIERSON, SOLA'.SIMONTON & KUT | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,668
- Estimated Expense Ratio: 0.300% 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 | $25,706 | $3,038 | — | — | — |
| 2023 | $23,410 | $920 | — | — | — |
| 2022 | $23,273 | — | $23,273 | — | — |