Plan Snapshot
- Plan Sponsor: Granite Wellness Centers
- Sponsor EIN: 942275091
- Sponsor Address: 406 SUNRISE AVE SUITE 105, ROSEVILLE, CA, 95661
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 121
- Total Assets: $1.1M
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 | 121 | $1.1M | $124,255 | $230,164 |
| 2023 | 104 | $854,738 | $108,709 | $253,465 |
| 2022 | 124 | $722,886 | $110,403 | $203,258 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $21,509 | — | $21,509 |
| FERMATA 401K, LLC | Investment Advisor | — | $7,003 | $7,003 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,512
- Estimated Expense Ratio: 2.589% 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 | $21,509 | — | $21,509 | — | — |
| 2023 | $18,222 | — | $18,222 | — | — |
| 2022 | $12,189 | — | $12,189 | — | — |