Plan Snapshot
- Plan Sponsor: Monterey Bay Gi Consultants Medical Group, INC.
- Sponsor EIN: 770139017
- Sponsor Address: 23 UPPER RAGSDALE DRIVE, MONTEREY, CA, 93940
- Plan Type: 401(k)
- Total Participants: 72
- Total Assets: $19.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 72 | $19.2M | $587,555 | $397,625 |
| 2023 | 60 | $17.4M | $505,681 | $335,830 |
| 2022 | 58 | $13.5M | $468,320 | $337,205 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | SERVICE PROVIDER | — | $12,716 | $12,716 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,716
- Estimated Expense Ratio: 0.066% 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 | $2,887,642 | — | $5,904 | — | — |
| 2023 | $168,695 | — | $37,399 | — | — |
| 2022 | $336,928 | — | $53,255 | — | — |