Retirement plan

TEXO MEMBERS 401(K) PLAN

Name: TEXO ABC-AGC, INC. - TEXO MEMBERS 401(K) PLAN (2024) Form 5500
Creator: TEXO ABC-AGC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXO MEMBERS 401(K) PLAN, TEXO ABC-AGC, INC.

TEXO ABC-AGC, INC.EIN 32-0274111Plan #002PY 2024

11101 N. STEMMONS FREEWAY - DALLAS, TX 75229972-647-0697

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$117.1M

-9.0% from 2023

Total participants

7,018

-38.8% from 2023

Average account balance

$54,479

+37.6% from 2023

Annual return

-7.80%

-22.91 pp from 2023

Benchmarks

See 1,214 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,214 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$117.08M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$54K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,149

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

23.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-7.80%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$414

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO Service code 15 · EIN 36-6071399	Recordkeeping	$452,610
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: ACCELERATE RETIREMENT Service code 27 · EIN 92-2678185	Advisory (Plan)	$191,926
SOLTIS INVESTMENT ADVISORS1 year Filed as: SOLTIS INVESTMENT ADVISORS, LLC Service code 27 · EIN 27-3188744	Advisory (Plan)	$97,555
PINNACLE FINANCIAL SERVICES, INC.5 years Service code 15 · EIN 59-2438373	Recordkeeping	$75,722
ERP SOUTHWEST LLC1 year Filed as: ERP SOUTHWEST LLC DBA ERP RETIREMEN Service code 15 · EIN 92-1711496	Recordkeeping	$71,754
ERP RETIREMENT SERVICES1 year Filed as: ERP SOUTHWEST LLC DBA RETIREMENT SE Service code 15	Recordkeeping	$26,652
3(16) FIDUCIARY SERVICES CORP5 years Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO Service code 14 · EIN 45-4813650	Plan Administrator	$20,121
TEMPLETON & COMPANY LLP1 year Service code 10 · EIN 14-1918990	Accounting	$19,500
CHUBB1 year Service code 99 · EIN 13-2595722	Other Fees	$6,441
FIDUCIARY INVESTMENT ADVISORS2 years Filed as: FIDUCIARY OUTSOURCING, LLC Service code 14 · EIN 47-2079321	Plan Administrator	$2,520

Plan features & details

Pension benefit codes2E2F2G2J2K2T2U3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$890K

$139 / participant

Investment mgmt$289K32.5%
Other / not subdivided$601K67.5%

% of EOY assets

0.760%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,479

$99,313-45.1%

$81,882-33.5%

$99,313-45.1%

Participation rate

23.7%

71.7%-48.0pp

72.4%-48.7pp

71.7%-48.0pp

Annual return

-7.80%

17.67%-25.5pp

779.47%-787.3pp

17.67%-25.5pp

Employer contribution / active EE

$744

$3,264-77.2%

$2,916-74.5%

$3,264-77.2%

Participant deferral / active EE

$1,717

$5,346-67.9%

$4,323-60.3%

$5,346-67.9%

Admin fee / account holder

$414

$109+279.4%

$7,360-94.4%

$109+279.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO

Service code 15 · EIN 36-6071399

Recordkeeping

$452,610

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: ACCELERATE RETIREMENT

Service code 27 · EIN 92-2678185

Advisory (Plan)

$191,926

SOLTIS INVESTMENT ADVISORS1 year

Filed as: SOLTIS INVESTMENT ADVISORS, LLC

Service code 27 · EIN 27-3188744

Advisory (Plan)

$97,555

PINNACLE FINANCIAL SERVICES, INC.5 years

Service code 15 · EIN 59-2438373

Recordkeeping

$75,722

ERP SOUTHWEST LLC1 year

Filed as: ERP SOUTHWEST LLC DBA ERP RETIREMEN

Service code 15 · EIN 92-1711496

Recordkeeping

$71,754

ERP RETIREMENT SERVICES1 year

Filed as: ERP SOUTHWEST LLC DBA RETIREMENT SE

Service code 15

Recordkeeping

$26,652

3(16) FIDUCIARY SERVICES CORP5 years

Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO

Service code 14 · EIN 45-4813650

Plan Administrator

$20,121

TEMPLETON & COMPANY LLP1 year

Service code 10 · EIN 14-1918990

Accounting

$19,500

CHUBB1 year

Service code 99 · EIN 13-2595722

Other Fees

$6,441

FIDUCIARY INVESTMENT ADVISORS2 years

Filed as: FIDUCIARY OUTSOURCING, LLC

Service code 14 · EIN 47-2079321

Plan Administrator

$2,520

TEXO MEMBERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXO MEMBERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion