Plan Snapshot
- Plan Sponsor: Patriot Communications LLC
- Sponsor EIN: 954720443
- Sponsor Address: 3415 S SEPULVEDA BLVD SUITE 800, LOS ANGELES, CA, 90034
- Plan Type: 401(k)
- Total Participants: 103
- Total Assets: $12.6M
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. |
|---|---|---|---|---|
| 2023 | 103 | $12.6M | $94,690 | $921,175 |
| 2022 | 113 | $11.5M | $72,895 | $831,838 |
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 |
|---|---|---|---|---|
| BURNHAM GIBSON WEALTH ADVISORS LLC | Investment Advisor | $85,272 | — | $85,272 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $21,926 | — | $21,926 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,560 | — | $5,560 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,758
- Estimated Expense Ratio: 0.897% 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 | $56,379 | $45,416 | — | — | — |
| 2022 | $48,881 | $46,247 | $2,634 | — | — |