Plan Snapshot
- Plan Sponsor: Conesys, INC.
- Sponsor EIN: 954724210
- Sponsor Address: 2280 W. 208TH ST., TORRANCE, CA, 90501
- Plan Type: 401(k)
- Total Participants: 369
- Total Assets: $10.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 369 | $10.2M | $25 | $593,281 |
| 2023 | 371 | $9.4M | $29 | $544,536 |
| 2022 | 360 | $9.0M | $17 | $567,615 |
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 | Recordkeeper | $35,778 | — | $35,778 |
| MORGAN STANLEY INSURANCE SERVICES | Investment Advisor | — | $16,807 | $16,807 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $7,927 | — | $7,927 |
| R-TECH CONSULTANTS, INC. | Other Service Provider | $2,250 | $5,000 | $7,250 |
| ARROYO INSURANCE SERVICES INC | Other Service Provider | $6,532 | — | $6,532 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,294
- Estimated Expense Ratio: 0.730% 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 | $41,860 | — | $41,860 | — | — |
| 2023 | $40,572 | — | $38,319 | — | — |
| 2022 | $43,884 | — | $43,884 | — | — |