Plan Snapshot
- Plan Sponsor: Insurance And Benefits Trust Of The Porac
- Sponsor EIN: 686068469
- Sponsor Address: 2960 ADVANTAGE WAY, SACRAMENTO, CA, 95834
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 20,412
- Total Assets: $8.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 20,412 | $8.1M | $1.8M | $5.8M |
| 2023 | 61,879 | $8.8M | $1.9M | $5.9M |
| 2022 | 61,855 | $8.4M | $1.8M | $5.8M |
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 |
|---|---|---|---|---|
| IBT HEALTH PLAN | Other Service Provider | $1,001,142 | — | $1,001,142 |
| MYERS-STEVENS TOOHEY AND CO INC | Other Service Provider | $472,689 | — | $472,689 |
| WAGNER LAW GROUP | ERISA Attorney | $269,955 | — | $269,955 |
| THE SEGAL COMPANY | Other Service Provider | $123,147 | — | $123,147 |
| IOS STAFFING SERVICES | Other Service Provider | $111,075 | — | $111,075 |
| BENESYS | Other Service Provider | $102,529 | — | $102,529 |
| WITHUMSMITH+BROWN PC | Auditor | $79,927 | — | $79,927 |
| UBS | Recordkeeper | $40,849 | — | $40,849 |
| JAMS, INC | Other Service Provider | $11,819 | — | $11,819 |
| SHAW LAW GROUP | Other Service Provider | $8,557 | — | $8,557 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $5,578 | $5,578 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WAGNER LAW GROUP — ERISA Attorney
- WITHUMSMITH+BROWN PC — Auditor
- UBS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,227,267
- Estimated Expense Ratio: 27.565% 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 | $2,516,009 | — | $588,278 | $79,927 | — |
| 2023 | $2,097,824 | — | $525,634 | $117,520 | — |
| 2022 | $1,697,001 | $42,390 | $465,120 | — | $233,277 |