Plan Snapshot
- Plan Sponsor: Nals Apartment Homes, LLC
- Sponsor EIN: 800876815
- Sponsor Address: 920 GARDEN STREET, SANTA BARBARA, CA, 93101
- Plan Type: 401(k)
- Total Participants: 474
- Total Assets: $17.5M
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 | 474 | $17.5M | $328,868 | $1.0M |
| 2023 | 444 | $15.0M | $312,981 | $952,900 |
| 2022 | 415 | $12.1M | $289,557 | $844,366 |
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 |
|---|---|---|---|---|
| USI ADVISORS, INC. | INVESTMENT ADVISOR | $20,600 | — | $20,600 |
| HUTCHINSON AND BLOODGOOD LLP | ACCOUNTANT/AUDITOR | $16,900 | — | $16,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HUTCHINSON AND BLOODGOOD LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,500
- Estimated Expense Ratio: 0.214% 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 | $42,367 | $20,600 | — | $16,900 | — |
| 2023 | $29,017 | — | — | $15,000 | — |
| 2022 | $44,699 | — | — | — | — |