Plan Snapshot
- Plan Sponsor: Beach Front Property Management, INC.
- Sponsor EIN: 954721219
- Sponsor Address: 1212 LONG BEACH BLVD, LONG BEACH, CA, 90813
- Plan Type: 401(k)
- Total Participants: 269
- Total Assets: $1.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 269 | $1.1M | $0 | $420,337 |
| 2023 | 129 | $657,080 | $1,773 | $361,023 |
| 2022 | 200 | $255,250 | $0 | $219,410 |
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 | Other Service Provider | $22,362 | — | $22,362 |
| MML INSURANCE AGENCY LLC | Other Service Provider | — | $6,026 | $6,026 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,388
- Estimated Expense Ratio: 2.612% 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 | $22,363 | — | $22,363 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $2,342 | — | $2,342 | — | — |