Plan Snapshot
- Plan Sponsor: Kern Radiology Medical Group, INC.
- Sponsor EIN: 770251480
- Sponsor Address: 2301 BAHAMAS DRIVE, BAKERSFIELD, CA, 93309
- Plan Type: 401(k)
- Total Participants: 55
- Total Assets: $13.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 55 | $13.8M | $533,062 | $413,741 |
| 2023 | 60 | $11.8M | $533,580 | $389,088 |
| 2022 | 61 | $10.0M | $114,007 | $386,632 |
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 |
|---|---|---|---|---|
| NORTH PIER FIDUCIARY MGMT. | ADVISOR | $15,001 | — | $15,001 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $11,849 | — | $11,849 |
| NEWPORT TRUST COMPANY | TRUSTEE | $8,307 | — | $8,307 |
| BARBICH HOOPER KINGDILL HOFFMAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,157
- Estimated Expense Ratio: 0.255% 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 | $35,157 | $15,001 | $640 | — | — |
| 2023 | $37,974 | $16,458 | $1,040 | — | — |
| 2022 | $29,025 | — | $29,025 | — | — |