Plan Snapshot
- Plan Sponsor: Classic Concepts, INC.
- Sponsor EIN: 850384815
- Sponsor Address: 4505 BANDINI BOULEVARD, VERNON, CA, 90058
- Plan Type: 401(k)
- Total Participants: 201
- Total Assets: $6.0M
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 | 201 | $6.0M | $256,812 | $651,648 |
| 2023 | 236 | $5.5M | $438,344 | $692,342 |
| 2022 | 246 | $4.6M | $438,772 | $718,286 |
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 |
|---|---|---|---|---|
| HKG, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $47,616 | $47,616 | — | — | — |
| 2023 | $46,012 | $27,292 | $18,720 | — | — |
| 2022 | $37,231 | $14,739 | $22,492 | — | — |