Plan Snapshot
- Plan Sponsor: Fit Electronics, INC.
- Sponsor EIN: 464369207
- Sponsor Address: 420 EXCHANGE, SITE 150, IRVINE, CA, 926021322
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $45.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 121 | $45.1M | $915,025 | $2.0M |
| 2023 | 115 | $40.7M | $832,385 | $1.8M |
| 2022 | 112 | $35.8M | $762,586 | $1.7M |
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 |
|---|---|---|---|---|
| INDEPENDENT FINANCIAL GROUP, LLC | INVESTMENT/FINANCIAL ADVI | $23,029 | — | $23,029 |
| ADP, INC. | RECORD KEEPER | $15,427 | — | $15,427 |
| CETERA INVESTMENT ADVISERS LLC | INVESTMENT/FINANCIAL ADVI | $12,164 | — | $12,164 |
| SINGERLEWAK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- SINGERLEWAK LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,620
- Estimated Expense Ratio: 0.112% 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 | $67,164 | $31,315 | — | — | — |
| 2023 | $50,235 | $31,400 | — | — | — |
| 2022 | $65,047 | — | — | — | — |