Plan Snapshot
- Plan Sponsor: Monterey Peninsula Engineering
- Sponsor EIN: 942697245
- Sponsor Address: 192 HEALY AVE, MARINA, CA, 93933
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $23.5M
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 | 111 | $23.5M | $1.8M | $378,778 |
| 2023 | 99 | $21.2M | $1.2M | $296,107 |
| 2022 | 97 | $19.0M | $1.3M | $299,546 |
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 |
|---|---|---|---|---|
| BENECO SYSTEMS, LLC | NONE | $123,820 | — | $123,820 |
| FARBER HASS HURLEY LLP | NONE | $13,500 | — | $13,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FARBER HASS HURLEY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,320
- Estimated Expense Ratio: 0.584% 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 | $137,320 | $79,494 | $4,506 | $13,500 | — |
| 2023 | $127,825 | $99,223 | $3,638 | $12,500 | — |
| 2022 | $100,674 | $73,614 | $14,560 | — | $12,500 |