Plan Snapshot
- Plan Sponsor: Point Mortgage Corporation
- Sponsor EIN: 651059543
- Sponsor Address: 2421 FENTON STREET A, CHULA VISTA, CA, 919143517
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $5.4M
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. |
|---|---|---|---|---|
| 2024 | 138 | $5.4M | $0 | $293,074 |
| 2023 | 114 | $5.6M | $0 | $350,200 |
| 2022 | 152 | $5.7M | $0 | $1.2M |
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 |
|---|---|---|---|---|
| SARAH SCANLAN, CPA | Auditor | $23,484 | — | $23,484 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,484
- Estimated Expense Ratio: 0.433% 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 | $81,785 | — | $58,301 | $23,484 | — |
| 2023 | $83,137 | — | $60,705 | $22,432 | — |
| 2022 | $69,539 | — | $69,539 | — | — |