Plan Snapshot
- Plan Sponsor: Berberian Enterprises, INC.
- Sponsor EIN: 953298872
- Sponsor Address: 5315 SANTA MONICA BLVD, LOS ANGELES, CA, 90029
- Plan Type: 401(k)
- Total Participants: 779
- Total Assets: $24.8M
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 | 779 | $24.8M | $184,789 | $1.6M |
| 2023 | 734 | $21.5M | $185,171 | $1.5M |
| 2022 | 674 | $18.8M | $163,507 | $1.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $93,223 | — | $93,223 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $55,680 | — | $55,680 |
| PDM, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,903
- Estimated Expense Ratio: 0.601% 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 | $148,903 | $55,680 | — | — | — |
| 2023 | $128,853 | $48,775 | — | — | — |
| 2022 | $133,899 | $53,374 | $80,525 | — | — |