Plan Snapshot
- Plan Sponsor: National Asset Direct
- Sponsor EIN: 205621587
- Sponsor Address: 10815 RANCHO BERNARDO RD STE 230, SAN DIEGO, CA, 921272189
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $6.4M
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. |
|---|---|---|---|---|
| 2023 | 110 | $6.4M | $0 | $324,060 |
| 2022 | 107 | $6.6M | $0 | $570,846 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE FENNER | INVESTMENT ADVISORY PLAN | $40,874 | — | $40,874 |
| WEWORSKI & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEWORSKI & ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,874
- Estimated Expense Ratio: 0.642% 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 |
|---|---|---|---|---|---|
| 2023 | $39,548 | $20,437 | $18,151 | — | — |
| 2022 | $48,372 | $22,026 | $26,346 | — | — |