Plan Snapshot
- Plan Sponsor: Pelican Products, INC.
- Sponsor EIN: 953259634
- Sponsor Address: 23215 EARLY AVE., TORRANCE, CA, 90505
- Plan Type: 401(k)
- Total Participants: 1,224
- Total Assets: $132.3M
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 | 1,224 | $132.3M | $2.6M | $5.6M |
| 2023 | 1,034 | $119.8M | $2.4M | $5.3M |
| 2022 | 1,088 | $104.6M | $2.2M | $5.1M |
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 |
|---|---|---|---|---|
| SAGEVIEW ADVISORY GROUP LLC | ADVISOR | $60,000 | — | $60,000 |
| WRIGHT FORD YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP LLC — ADVISOR
- WRIGHT FORD YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,000
- Estimated Expense Ratio: 0.045% 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 | $45,634 | $60,000 | $1,200 | — | — |
| 2023 | $508 | $10,000 | — | — | — |
| 2022 | $3,677 | — | — | — | — |