# Backroads, INC. 401(k) Plan
Source: https://planprovider.pro/companies/backroads-inc-401k-plan

> Backroads, INC.&#39;s 401(k) plan: 476 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Backroads, INC.

- **Sponsor EIN:** 941530512

- **Sponsor Address:** 801 CEDAR ST, BERKELEY, CA, 947101821

- **Plan Type:** 401(k)

- **Total Participants:** 476

- **Total Assets:** $44.1M

## 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|476|$44.1M|$551,877|$3.5M|

| 2023|480|$40.1M|$453,969|$2.7M|

| 2022|555|$30.9M|$288,340|$2.0M|

## 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|$6,548|—|$6,548|

| WEINBERG & COMPANY, P.A.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WEINBERG & COMPANY, P.A.](https://planprovider.pro/provider/weinberg-and-company-pa) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $6,548

- **Estimated Expense Ratio:** 0.015% 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|$6,549|—|$6,549|—|—|

| 2023|$3,122|—|$3,122|—|—|

| 2022|$3,918|—|$3,918|—|—|

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