Plan Snapshot
- Plan Sponsor: Carvaka, LLC
- Sponsor EIN: 611352732
- Sponsor Address: 1404 RACE STREET STE 302, CINCINNATI, OH, 45202
- Plan Type: 401(k)
- Total Participants: 902
- Total Assets: $9.8M
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 | 902 | $9.8M | $519,302 | $859,215 |
| 2023 | 729 | $9.1M | $368,665 | $829,919 |
| 2022 | 768 | $7.5M | $409,948 | $763,464 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $61,708 | — | $61,708 |
| CAPFINANCIAL PARTNERS LLC | Investment Advisor | $18,308 | — | $18,308 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,016
- Estimated Expense Ratio: 0.814% 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 | $84,236 | $22,528 | — | — | — |
| 2023 | $79,721 | $7,499 | — | — | — |
| 2022 | $84,132 | $1,736 | — | — | — |