Plan Snapshot
- Plan Sponsor: Wilbanks Trucking Services, LLC
- Sponsor EIN: 810746726
- Sponsor Address: 11246 LOVINGTON HIGHWAY, ARTESIA, NM, 88210
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $2.8M
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 | 125 | $2.8M | $0 | $394,644 |
| 2023 | 125 | $3.0M | $0 | $519,081 |
| 2022 | 199 | $2.6M | $0 | $524,325 |
| 2021 | 233 | $2.6M | $0 | $0 |
| 2020 | 252 | $2.1M | $0 | $0 |
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 |
|---|---|---|---|---|
| FIRST AMERICAN BANK | NONE | $20,789 | — | $20,789 |
| RETIREMENT DIRECT, LLC | NONE | $18,625 | — | $18,625 |
| LAWRENCE J. BEARDSLEY CPA, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAWRENCE J. BEARDSLEY CPA, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,414
- Estimated Expense Ratio: 1.426% 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 | $39,414 | — | — | — | — |
| 2023 | $23,445 | — | — | — | — |
| 2022 | $21,213 | $9,602 | — | — | $11,611 |
| 2021 | $25,393 | $14,723 | — | — | — |
| 2020 | $36,800 | — | $36,800 | — | — |