Plan Snapshot
- Plan Sponsor: Mgd, INC. Dba The Garibaldi Company
- Sponsor EIN: 680348797
- Sponsor Address: 3525 WEST BENJAMIN HOLT DRIVE 3525, STOCKTON, CA, 95219
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $10.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 145 | $10.3M | $277,951 | $568,520 |
| 2023 | 136 | $8.5M | $212,437 | $495,718 |
| 2022 | 130 | $6.7M | $214,403 | $463,773 |
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 |
|---|---|---|---|---|
| SCHWARTZ GIANNINI LANTSBERGER & ADA | Auditor | $11,150 | — | $11,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,150
- Estimated Expense Ratio: 0.108% 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 | $17,865 | — | — | $11,150 | — |
| 2023 | $16,672 | — | — | $9,650 | — |
| 2022 | $15,581 | — | $15,581 | — | — |