Plan Snapshot
- Plan Sponsor: Funai Corporation
- Sponsor EIN: 262818386
- Sponsor Address: 12489 LAKELAND RD, SANTA FE SPRINGS, CA, 90670
- Plan Type: 401(k)
- Total Participants: 103
- Total Assets: $22.2M
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 | 103 | $22.2M | $271,509 | $1.3M |
| 2023 | 119 | $23.8M | $268,526 | $1.2M |
| 2022 | 111 | $20.8M | $264,828 | $1.2M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $183,021 | $75,000 | — | — | — |
| 2023 | $158,541 | $75,000 | $83,541 | — | — |
| 2022 | $154,823 | $75,000 | $79,823 | — | — |