Plan Snapshot
- Plan Sponsor: Jim Burke Ford
- Sponsor EIN: 952275238
- Sponsor Address: 2001 OAK STREET, BAKERSFIELD, CA, 93301
- Plan Type: 401(k)
- Total Participants: 290
- Total Assets: $28.8M
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 | 290 | $28.8M | $398,013 | $1.2M |
| 2023 | 284 | $24.3M | $379,760 | $1.2M |
| 2022 | 254 | $20.7M | $366,411 | $1.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $34,341 | — | $34,341 |
| NEWEDGE ADVISORS LLC | INVESTMENT ADVISOR | $25,000 | — | $25,000 |
| BAERG & ASSOCIATES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- NEWEDGE ADVISORS LLC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,341
- Estimated Expense Ratio: 0.206% 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 | $63,773 | $29,432 | — | — | — |
| 2023 | $56,313 | $27,315 | — | — | — |
| 2022 | $25,248 | $21,491 | — | — | — |