Plan Snapshot
- Plan Sponsor: Watson Truck & Supply, INC.
- Sponsor EIN: 850212450
- Sponsor Address: P.O. BOX 10, HOBBS, NM, 88241
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 65
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 65 | $0 | $0 | $0 |
| 2024 | 79 | $0 | $415,790 | $230,338 |
| 2023 | 78 | $0 | $743,333 | $179,710 |
| 2022 | 57 | $0 | $661,650 | $170,803 |
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 |
|---|---|---|---|---|
| IMS MARKETING, INC. | Recordkeeper | $28,990 | — | $28,990 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,990
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 |
|---|---|---|---|---|---|
| 2025 | $162,115 | — | — | — | — |
| 2024 | $37,345 | — | $37,345 | — | — |
| 2023 | $32,173 | — | $32,173 | — | — |
| 2022 | $947,760 | — | — | — | — |