Plan Snapshot
- Plan Sponsor: Farwest Corrosion Control Company
- Sponsor EIN: 910651525
- Sponsor Address: 12029 REGENTVIEW AVE, DOWNEY, CA, 90241
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $7.2M
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 | 140 | $7.2M | $109,249 | $542,055 |
| 2023 | 141 | $7.5M | $130,620 | $575,567 |
| 2022 | 122 | $6.4M | $139,001 | $605,820 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Recordkeeper | $40,232 | — | $40,232 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,232
- Estimated Expense Ratio: 0.556% 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 | $4,086 | — | $4,086 | — | — |
| 2023 | $3,253 | — | $3,253 | — | — |
| 2022 | $3,510 | — | $3,510 | — | — |