Plan Snapshot
- Plan Sponsor: Lbc Holdings, INC.
- Sponsor EIN: 943145525
- Sponsor Address: 14390 CATALINA ST., SAN LEANDRO, CA, 94577
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $7.3M
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 | 163 | $7.3M | $106,333 | $425,430 |
| 2023 | 173 | $6.5M | $100,206 | $400,824 |
| 2022 | 174 | $5.7M | $102,474 | $409,894 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $40,656 | — | $40,656 |
| SBHU LIFE AGENCY INC | Investment Advisor | — | $14,554 | $14,554 |
| CENTRAL ADMINISTRATIVE SERVICES INC | Recordkeeper | $4,450 | $2,911 | $7,361 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SBHU LIFE AGENCY INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,571
- Estimated Expense Ratio: 0.852% 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 | $45,106 | — | $45,106 | — | — |
| 2023 | $37,471 | — | $37,471 | — | — |
| 2022 | $35,374 | — | $35,374 | — | — |