Plan Snapshot
- Plan Sponsor: Iteris, INC.
- Sponsor EIN: 952588496
- Sponsor Address: 1700 CARNEGIE AVE STE 100, SANTA ANA, CA, 927055551
- Plan Type: 401(k)
- Total Participants: 503
- Total Assets: $97.8M
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 | 503 | $97.8M | $2.3M | $4.8M |
| 2023 | 473 | $84.4M | $2.2M | $4.7M |
| 2022 | 465 | $72.5M | $1.9M | $4.2M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL BANKING OPERA | CONSULTANT | $72,000 | — | $72,000 |
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $70,741 | — | $70,741 |
| PENSION ASSURANCE LLP | ACCOUNTANT | $15,250 | — | $15,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BANKING OPERA — CONSULTANT
- PENSION ASSURANCE LLP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $157,991
- Estimated Expense Ratio: 0.162% 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 | $2,441,800 | $72,000 | — | $15,250 | — |
| 2023 | $152,667 | $83,640 | — | — | — |
| 2022 | $175,146 | — | — | — | — |