# Cannon Corporation 401(k) Plan
Source: https://planprovider.pro/companies/cannon-corporation-401k-plan

> Cannon Corporation&#39;s 401(k) plan: 153 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/caliber-audit-and-attest-llp) — AUDITOR

- [ACCELERATE INVESTMENT ADVISORS, LLC](https://planprovider.pro/provider/accelerate-retirement) — REGISTERED INVESTMENT ADV

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — 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|—|—|—|

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