Plan Snapshot
- Plan Sponsor: Foodstate, INC.
- Sponsor EIN: 020436846
- Sponsor Address: 8531 FALLBROOK AVE.,, WEST HILLS, CA, 91304
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 177
- Total Assets: $11.5M
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. |
|---|---|---|---|---|
| 2023 | 177 | $11.5M | $318,842 | $1.2M |
| 2022 | 187 | $10.6M | $351,271 | $1.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $38,942 | — | $38,942 |
| MASSACHUSETTS MUTUAL LIFE INS COMP | Investment Advisor | — | $20,067 | $20,067 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,286 | — | $6,286 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,295
- Estimated Expense Ratio: 0.566% 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 |
|---|---|---|---|---|---|
| 2023 | $45,228 | $6,286 | — | — | — |
| 2022 | $45,446 | $6,124 | $39,322 | — | — |