Plan Snapshot
- Plan Sponsor: Bak Festivals
- Sponsor EIN: 823265616
- Sponsor Address: 514 WORK ST, SALINAS, CA, 93901
- Plan Type: 401(k)
- Total Participants: 0
- 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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $0 | $6,780 |
| 2023 | 102 | $245,121 | $0 | $117,305 |
| 2022 | 154 | $132,869 | $0 | $128,295 |
| 2021 | 67 | $38,261 | $0 | $37,891 |
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 |
|---|---|---|---|---|
| MARTIN HOOD LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MARTIN HOOD LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $9,856 | — | — | — | — |
| 2023 | $23,081 | $17,263 | $5,818 | — | — |
| 2022 | $11,091 | $303 | $10,788 | — | — |
| 2021 | — | — | — | — | — |