Plan Snapshot
- Plan Sponsor: Drum Workshop, INC.
- Sponsor EIN: 953191311
- Sponsor Address: 3450 LUNAR COURT, OXNARD, CA, 93030
- Plan Type: 401(k)
- Total Participants: 184
- Total Assets: $17.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 184 | $17.9M | $203,425 | $1.2M |
| 2023 | 203 | $15.2M | $197,142 | $1.1M |
| 2022 | 206 | $11.9M | $185,259 | $1.0M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $28,038 | — | $28,038 |
| IFP ADVISORS, LLC | INVESTMENT ADVISORY-PLAN | $17,500 | — | $17,500 |
| CONSOLIDATED PORTFOLIO REVIEW CORP | INVESTMENT ADVISORY | $12,500 | — | $12,500 |
| FIDUCIARY OUTSOURCING, LLC | FIDUCIARY | $7,040 | — | $7,040 |
| GALGAS RUSSELL, LLP | Auditor | $7,040 | — | $7,040 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,118
- Estimated Expense Ratio: 0.403% 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 | $65,078 | $30,000 | — | $7,040 | — |
| 2023 | $56,950 | $30,000 | — | $7,040 | — |
| 2022 | $59,104 | $30,000 | — | — | $7,480 |