Plan Snapshot
- Plan Sponsor: Purple Brands
- Sponsor EIN: 943410677
- Sponsor Address: 617 2ND STREET, PETALUMA, CA, 94952
- Plan Type: 401(k)
- Total Participants: 46
- Total Assets: $11.8M
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 | 46 | $11.8M | $151,676 | $599,536 |
| 2023 | 88 | $10.7M | $215,595 | $813,358 |
| 2022 | 112 | $8.6M | $202,168 | $741,176 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | $27,963 | — | $27,963 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $25,846 | — | $25,846 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,809
- Estimated Expense Ratio: 0.457% 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 | $53,809 | $27,963 | — | — | — |
| 2023 | $43,806 | $23,050 | — | — | — |
| 2022 | $40,232 | $21,472 | — | — | — |