# Morris & Garritano Insurance Agency, INC. 401(k) Plan
Source: https://planprovider.pro/companies/morris-garritano-insurance-agency-inc-401k-plan

> Morris & Garritano Insurance Agency, INC.'s 401(k) plan: 134 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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,](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

- [CALIBER AUDIT & ATTEST, LLP](https://planprovider.pro/provider/caliber-audit-and-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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/morris-garritano-insurance-agency-inc-401k-plan)

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