Plan Snapshot
- Plan Sponsor: Morris & Garritano Insurance Agency, INC.
- Sponsor EIN: 952304670
- Sponsor Address: 1122 LAUREL LANE, SAN LUIS OBISPO, CA, 93401
- Plan Type: 401(k)
- Total Participants: 134
- Total Assets: $17.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 134 | $17.3M | $287,616 | $835,213 |
| 2023 | 138 | $14.7M | $263,072 | $784,584 |
| 2022 | 131 | $11.9M | $255,079 | $755,591 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS, | RECORDKEEPER | $21,767 | — | $21,767 |
| CALIBER AUDIT & ATTEST | AUDITOR | $12,250 | — | $12,250 |
| CALIBER AUDIT & ATTEST, LLP | Auditor | $12,250 | — | $12,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS, — RECORDKEEPER
- CALIBER AUDIT & ATTEST, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,267
- Estimated Expense Ratio: 0.267% 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 | $35,917 | — | — | $12,250 | — |
| 2023 | $30,886 | — | $1,889 | $11,500 | — |
| 2022 | $29,354 | — | $18,604 | — | — |