# Watson Truck & Supply, INC. 401(k) Plan
Source: https://planprovider.pro/companies/watson-truck-supply-inc-850212450-501

> Watson Truck & Supply, INC.'s 401(k) plan: 65 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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