Plan Snapshot
- Plan Sponsor: Lusamerica Foods, INC.
- Sponsor EIN: 942349696
- Sponsor Address: 16480 RAILROAD AVENUE, MORGAN HILL, CA, 95037
- Plan Type: 401(k)
- Total Participants: 97
- Total Assets: $8.8M
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 | 97 | $8.8M | $245,903 | $371,716 |
| 2023 | 539 | $7.5M | $177,958 | $275,557 |
| 2022 | 489 | $6.3M | $0 | $184,217 |
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 |
|---|---|---|---|---|
| ROBERT LEE & ASSOCIATES | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $483,013 | — | $625 | — | — |
| 2023 | $442,617 | — | $375 | — | — |
| 2022 | $1,275 | — | — | — | — |