Plan Snapshot
- Plan Sponsor: Baker Electric & Renewables LLC
- Sponsor EIN: 951853701
- Sponsor Address: 1298 PACIFIC OAKS PL, ESCONDIDO, CA, 920292900
- Plan Type: 401(k)
- Total Participants: 313
- Total Assets: $20.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 313 | $20.3M | $446,466 | $2.3M |
| 2023 | 296 | $15.7M | $370,280 | $1.9M |
| 2022 | 288 | $12.1M | $332,936 | $1.6M |
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 | $124,713 | — | $124,713 |
| INDEPENDENT FINANCIAL GROUP LLC | INVESTMENT ADVISORY | — | $82,132 | $82,132 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $206,845
- Estimated Expense Ratio: 1.021% 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 | $124,716 | — | $124,716 | — | — |
| 2023 | $94,202 | — | $94,202 | — | — |
| 2022 | $87,394 | — | $87,394 | — | — |