Plan Snapshot
- Plan Sponsor: Tony Gullo Motors, I, LP
- Sponsor EIN: 760561851
- Sponsor Address: 500 I-45 SOUTH, CONROE, TX, 77304
- Plan Type: 401(k)
- Total Participants: 525
- Total Assets: $41.5M
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 | 525 | $41.5M | $713,352 | $2.9M |
| 2023 | 509 | $35.3M | $673,159 | $2.8M |
| 2022 | 500 | $29.6M | $624,721 | $2.8M |
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 |
|---|---|---|---|---|
| NYLIFE SECURITIES LLC | ADVISOR | $119,349 | — | $119,349 |
| JOHN HANCOCK | RETAINED BY CLIENT | $95,546 | — | $95,546 |
| CLAYBORN ACCOUNTING & FIN SVCS INC. | AUDITOR | $30,000 | — | $30,000 |
| CLAYBORN ACCOUNTING AND FINANCIAL | Auditor | $30,000 | — | $30,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY CLIENT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $274,895
- Estimated Expense Ratio: 0.662% 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 | $244,895 | $119,349 | $95,546 | $30,000 | — |
| 2023 | $185,900 | $100,002 | $85,898 | — | — |
| 2022 | $193,677 | $16,050 | $177,627 | — | — |