Plan Snapshot
- Plan Sponsor: Cannon Corporation
- Sponsor EIN: 770246249
- Sponsor Address: 1050 SOUTHWOOD DRIVE, SAN LUIS OBISPO, CA, 93401
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $21.8M
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 | 153 | $21.8M | $413,500 | $1.5M |
| 2023 | 146 | $19.1M | $354,668 | $1.3M |
| 2022 | 125 | $15.1M | $319,651 | $1.2M |
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 |
|---|---|---|---|---|
| CALIBER AUDIT AND ATTEST, LLP | AUDITOR | $15,000 | — | $15,000 |
| ACCELERATE INVESTMENT ADVISORS, LLC | REGISTERED INVESTMENT ADV | $13,285 | — | $13,285 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $8,050 | — | $8,050 |
| THE RYDING COMPANY | THIRD PARTY ADMINISTRATOR | — | $7,890 | $7,890 |
| VOYA RETIRMENT ADVISORS, LLC | SERVICE PROVIDER | $6,580 | — | $6,580 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBER AUDIT AND ATTEST, LLP — AUDITOR
- ACCELERATE INVESTMENT ADVISORS, LLC — REGISTERED INVESTMENT ADV
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,805
- Estimated Expense Ratio: 0.233% 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 | $45,279 | $8,466 | — | $15,000 | — |
| 2023 | $41,693 | $6,452 | $7,978 | — | — |
| 2022 | $39,719 | $39,719 | — | — | — |