Plan Snapshot
- Plan Sponsor: Gallegos United
- Sponsor EIN: 330980953
- Sponsor Address: 300 PACIFIC COAST HWY, SUITE 200, HUNTINGTON BEACH, CA, 92648
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $7.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 121 | $7.9M | $109,603 | $441,076 |
| 2023 | 142 | $7.2M | $145,732 | $488,573 |
| 2022 | 122 | $6.9M | $125,336 | $433,998 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $38,157 | — | $38,157 |
| EIDE BAILLY LLP | AUDITOR | $22,155 | — | $22,155 |
| EMPOWER ANNUITY INS. CO. OF AMERICA | RECORDKEEPER | $21,500 | — | $21,500 |
| ACTUARIES UNLIMITED INC. | CONTRACT ADMIN | $12,525 | — | $12,525 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISOR
- EIDE BAILLY LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,337
- Estimated Expense Ratio: 1.197% 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 | $54,629 | — | $54,629 | — | — |
| 2023 | $51,391 | — | $51,391 | — | — |
| 2022 | $51,898 | — | — | — | $51,898 |