Plan Snapshot
- Plan Sponsor: Karoun Dairies, LLC
- Sponsor EIN: 954343064
- Sponsor Address: 13023 ARROYO STREET, SAN FERNANDO, CA, 91340
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 3,075
- Total Assets: $281.9M
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. |
|---|---|---|---|---|
| 2025 | 3,075 | $281.9M | $0 | $0 |
| 2024 | 1,752 | $163.8M | $10.0M | $11.3M |
| 2023 | 1,611 | $128.3M | $8.4M | $9.6M |
| 2022 | 1,447 | $98.2M | $7.3M | $8.7M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SRVCS | Other Service Provider | $265,549 | — | $265,549 |
| ALERA INVESTMENTS | Other Service Provider | $9,225 | — | $9,225 |
| THE BONADIO GROUP, CPAS, CONSULTANT | Other Service Provider | $9,131 | — | $9,131 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $283,905
- Estimated Expense Ratio: 0.101% 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 |
|---|---|---|---|---|---|
| 2025 | $15,153,697 | $63,605 | $211,169 | $9,131 | — |
| 2024 | $231,998 | $50,562 | $181,436 | — | — |
| 2023 | $185,314 | $41,313 | $144,001 | — | — |
| 2022 | $150,082 | $23,585 | $126,497 | — | — |