Plan Snapshot
- Plan Sponsor: Platinum Security, INC.
- Sponsor EIN: 200860762
- Sponsor Address: 11300 W. OLYMPIC BLVD., #900, LOS ANGELES, CA, 90064
- Plan Type: DC
- Plan Number: 002
- Total Participants: 380
- Total Assets: $577,324
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. |
|---|---|---|---|---|
| 2025 | 380 | $577,324 | $0 | $0 |
| 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 |
|---|---|---|---|---|
| EQUITABLE LIFE NSURANCE CO | Recordkeeper | $30,825 | — | $30,825 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,825
- Estimated Expense Ratio: 5.339% 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 |
|---|---|---|---|---|---|
| 2025 | $70,909 | — | — | $30,825 | — |
| 2024 | $36,992 | — | $36,992 | — | — |
| 2023 | $41,788 | — | $41,788 | — | — |
| 2022 | $44,595 | — | $44,595 | — | — |