Plan Snapshot
- Plan Sponsor: Paradise Foods, INC.
- Sponsor EIN: 640867887
- Sponsor Address: POST OFFICE BOX 18939, NATCHEZ, MS, 391220000
- Plan Type: 401(k)
- Total Participants: 58
- Total Assets: $1.8M
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 | 58 | $1.8M | $45,954 | $88,483 |
| 2023 | 65 | $1.7M | $40,347 | $101,212 |
| 2022 | 69 | $1.6M | $62,196 | $102,120 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL CORPORATION | NONE | — | $8,127 | $8,127 |
| SILAS SIMMONS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SILAS SIMMONS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,127
- Estimated Expense Ratio: 0.457% 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 | $1 | — | — | — | — |
| 2023 | $2,040 | — | — | — | — |
| 2022 | $2,292 | — | — | — | $2,292 |