Plan Snapshot
- Plan Sponsor: Cicon Engineering INC
- Sponsor EIN: 954337304
- Sponsor Address: 6633 ODESSA AVE., VAN NUYS, CA, 91406
- Plan Type: 401(k)
- Total Participants: 259
- Total Assets: $15.7M
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 | 259 | $15.7M | $527,507 | $951,143 |
| 2023 | 280 | $13.8M | $506,149 | $874,417 |
| 2022 | 286 | $11.5M | $409,306 | $819,790 |
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 |
|---|---|---|---|---|
| WESTERN INTERNATIONAL SECURITIES, I | INVESTMENT/FINANCIAL ADVI | $33,299 | — | $33,299 |
| ADP, INC. | RECORD KEEPER | $22,042 | — | $22,042 |
| PENSION ASSURANCE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- PENSION ASSURANCE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,341
- Estimated Expense Ratio: 0.353% 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 | $55,343 | $33,300 | — | — | — |
| 2023 | $43,435 | $21,583 | — | — | — |
| 2022 | $44,738 | — | — | — | — |