Plan Snapshot
- Plan Sponsor: Covenant Care California, LLC
- Sponsor EIN: 330631540
- Sponsor Address: 120 VANTIS DRIVE, ALISO VIEJO, CA, 926562677
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,192
- Total Assets: $56.6M
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. |
|---|---|---|---|---|
| 2025 | 1,192 | $56.6M | $0 | $0 |
| 2024 | 4,261 | $73.5M | $0 | $4.9M |
| 2023 | 4,125 | $74.8M | -$250 | $6.0M |
| 2022 | 4,293 | $66.2M | $0 | $5.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $175,246 | — | $175,246 |
| NFP RETIREMENT, INC. | Other Service Provider | $29,500 | — | $29,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,746
- Estimated Expense Ratio: 0.362% 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 |
|---|---|---|---|---|---|
| 2025 | $29,496,106 | — | $172,322 | — | — |
| 2024 | $228,299 | $22,125 | $189,179 | $16,995 | — |
| 2023 | $186,344 | $29,500 | $144,844 | — | — |
| 2022 | $168,759 | — | $146,634 | — | $22,125 |