Plan Snapshot
- Plan Sponsor: Platinum Security, INC.
- Sponsor EIN: 200860762
- Sponsor Address: 11300 W. OLYMPIC BLVD., #900, LOS ANGELES, CA, 900641646
- Plan Type: DC
- Total Participants: 243
- Total Assets: $565,307
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 243 | $565,307 | $0 | $0 |
| 2023 | 230 | $580,572 | $0 | $0 |
| 2022 | 447 | $613,000 | $0 | $0 |
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 |
|---|---|---|---|---|
| AXA EQUITABLE LIFE NSURANCE CO | Recordkeeper | $36,992 | $6,967 | $43,959 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AXA EQUITABLE LIFE NSURANCE CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,959
- Estimated Expense Ratio: 7.776% 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 | $36,992 | — | $36,992 | — | — |
| 2023 | $41,788 | — | $41,788 | — | — |
| 2022 | $44,595 | — | $44,595 | — | — |