Plan Snapshot
- Plan Sponsor: Pacific Ag Rentals, LLC
- Sponsor EIN: 770559618
- Sponsor Address: 820 PARK ROW, #686, SALINAS, CA, 93901
- Plan Type: 401(k)
- Total Participants: 249
- Total Assets: $6.7M
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 | 249 | $6.7M | $370,718 | $641,136 |
| 2023 | 217 | $5.5M | $332,510 | $569,778 |
| 2022 | 212 | $4.3M | $311,959 | $521,814 |
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 |
|---|---|---|---|---|
| LARSON ALLEN LLP | Auditor | $17,850 | — | $17,850 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $17,490 | — | $17,490 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $13,880 | — | $13,880 |
| QUINTES ADMINISTRATIVE AND INSUR | Other Service Provider | $7,524 | $5,801 | $13,325 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,545
- Estimated Expense Ratio: 0.935% 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 | $61,544 | — | $43,694 | — | — |
| 2023 | $55,516 | — | — | — | — |
| 2022 | $44,739 | — | $44,739 | — | — |