Plan Snapshot
- Plan Sponsor: Cedar Band Corporation
- Sponsor EIN: 800906481
- Sponsor Address: 600 N 100 E, CEDAR CITY, UT, 84721
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 107
- Total Assets: $3.0M
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. |
|---|---|---|---|---|
| 2023 | 107 | $3.0M | $323,613 | $542,512 |
| 2022 | 93 | $2.1M | $330,283 | $548,605 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $13,881 | — | $13,881 |
| WISAN, SMITH, RACKER & PRESCOTT LLP | Auditor | $10,271 | — | $10,271 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $8,641 | — | $8,641 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,793
- Estimated Expense Ratio: 1.098% 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 |
|---|---|---|---|---|---|
| 2023 | $37,513 | $16,361 | $2,125 | $10,271 | — |
| 2022 | $29,864 | — | — | — | $29,864 |