Plan Snapshot
- Plan Sponsor: Norman International, INC.
- Sponsor EIN: 954855385
- Sponsor Address: 12301 HAWKINS ST, SANTA FE SPRINGS, CA, 906703366
- Plan Type: DC
- Total Participants: 203
- Total Assets: $22.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 203 | $22.9M | $446,175 | $1.1M |
| 2023 | 205 | $20.8M | $434,584 | $960,901 |
| 2022 | 207 | $18.0M | $450,214 | $1.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $107,380 | — | $107,380 |
| LPL FINANCIAL LLC | OTHER SERVICES | — | $45,396 | $45,396 |
| THONG, YU, WONG & LEE, LLP | ACCOUNTANT | $8,500 | — | $8,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — OTHER SERVICES
- THONG, YU, WONG & LEE, LLP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $161,276
- Estimated Expense Ratio: 0.705% 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 | $107,380 | — | $107,380 | — | — |
| 2023 | $99,993 | — | $99,993 | — | — |
| 2022 | $109,968 | — | $95,287 | — | $14,681 |