Plan Snapshot
- Plan Sponsor: Desert Sands Public Charter, INC.
- Sponsor EIN: 481272886
- Sponsor Address: 177 HOLSTON DRIVE, LANCASTER, CA, 93535
- Plan Type: 401(k)
- Total Participants: 2,081
- Total Assets: $153.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 2,081 | $153.0M | $8.5M | $10.4M |
| 2023 | 2,034 | $123.8M | $7.9M | $9.5M |
| 2022 | 1,893 | $94.7M | $7.1M | $8.6M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $687,666 | $35 | $687,701 |
| PENSIONMARK FINANCIAL GROUP | Other Service Provider | $252,350 | — | $252,350 |
| STEPHEN B. MARVIN AGENCY INC. | Other Service Provider | $61,772 | — | $61,772 |
| PENSIONMARK FINANCIAL GROUP | Other Service Provider | $56,512 | — | $56,512 |
| JOHANSON AND YAU ACCOUNTANCY COR | Other Service Provider | $26,750 | — | $26,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,085,085
- Estimated Expense Ratio: 0.709% 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 | $1,085,580 | $370,634 | $687,666 | $26,750 | — |
| 2023 | $933,924 | $341,695 | $592,029 | — | — |
| 2022 | $752,296 | — | — | — | $752,296 |