Plan Snapshot
- Plan Sponsor: Vutex, INC.
- Sponsor EIN: 061735582
- Sponsor Address: 1 LONE STAR PASS, SAN ANTONIO, TX, 78264
- Plan Type: 401(k)
- Total Participants: 522
- Total Assets: $6.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 522 | $6.2M | $228,273 | $384,140 |
| 2023 | 548 | $6.1M | $237,315 | $382,428 |
| 2022 | 507 | $5.4M | $249,840 | $413,917 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $19,158 | — | $19,158 |
| OLSON WEALTH MANAGEMENT | INVESTMENT ADVISORY | $14,871 | $8 | $14,879 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,037
- Estimated Expense Ratio: 0.545% 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 | $34,812 | — | $34,812 | — | — |
| 2023 | $34,271 | — | $34,271 | — | — |
| 2022 | $39,496 | — | $39,496 | — | — |