Plan Snapshot
- Plan Sponsor: Ocean Mist Farms
- Sponsor EIN: 940355910
- Sponsor Address: 10855 OCEAN MIST PARKWAY, CASTROVILLE, CA, 950121247
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 277
- Total Assets: $40.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 277 | $40.4M | $395,931 | $2.1M |
| 2023 | 290 | $40.5M | $389,328 | $2.1M |
| 2022 | 296 | $38.6M | $358,742 | $1.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $31,926 | — | $31,926 |
| SAGEVIEW | Investment Advisor | $20,063 | — | $20,063 |
| MOSS ADAMS LLP | Other Service Provider | $18,900 | — | $18,900 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $10,263 | — | $10,263 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- SAGEVIEW — Investment Advisor
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,152
- Estimated Expense Ratio: 0.201% 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 | $80,252 | $10,263 | — | — | — |
| 2023 | $55,967 | $10,093 | — | — | — |
| 2022 | $65,923 | $9,233 | — | — | — |