Plan Snapshot
- Plan Sponsor: Vernon E. Faulconer, INC.
- Sponsor EIN: 751792017
- Sponsor Address: 1001 ESE LOOP 323, TYLER, TX, 75701
- Plan Type: 401(k)
- Total Participants: 99
- Total Assets: $18.7M
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 | 99 | $18.7M | $719,319 | $1.1M |
| 2023 | 135 | $15.4M | $626,603 | $914,978 |
| 2022 | 114 | $13.5M | $471,845 | $661,888 |
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 |
|---|---|---|---|---|
| GOLLOB MORGAN PEDDY CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GOLLOB MORGAN PEDDY CPA — Auditor
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 | $600 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |