Plan Snapshot
- Plan Sponsor: Carmel Partners Management LLC
- Sponsor EIN: 853272514
- Sponsor Address: 1000 SANSOME STREET 1ST FLOOR, SAN FRANCISCO, CA, 94111
- Plan Type: 401(k)
- Total Participants: 307
- Total Assets: $49.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 307 | $49.1M | $2.0M | $4.2M |
| 2023 | 339 | $41.4M | $1.4M | $3.9M |
| 2022 | 308 | $33.3M | $1.1M | $3.0M |
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 | $55,429 | — | $55,429 |
| PENSION ASSURANCE LLP | AUDITOR | $22,000 | — | $22,000 |
| CONCURRENT INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $19,070 | — | $19,070 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION ASSURANCE LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,499
- Estimated Expense Ratio: 0.196% 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 | $96,499 | $19,070 | — | $22,000 | — |
| 2023 | $93,529 | $26,650 | — | $26,500 | — |
| 2022 | $143,892 | $117,197 | $12,445 | — | $14,250 |