Plan Snapshot
- Plan Sponsor: Putnam Automotive, INC.
- Sponsor EIN: 941230129
- Sponsor Address: 3 CALIFORNIA DRIVE, BURLINGAME, CA, 94010
- Plan Type: 401(k)
- Total Participants: 240
- Total Assets: $8.6M
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 | 240 | $8.6M | $136,178 | $1.1M |
| 2023 | 239 | $7.3M | $124,832 | $949,523 |
| 2022 | 142 | $5.3M | $86,545 | $680,744 |
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 |
|---|---|---|---|---|
| KESTRA INVESTMENT SERVICES LLC | BROKER/ADVISO R | — | $9,833 | $9,833 |
| OSAIC WEALTH, INC. | BROKER/ADVISO R | — | $9,833 | $9,833 |
| QUALIFIED SERVICES, INC. DBA | CONTRACT ADMIN | $5,275 | — | $5,275 |
| SETO KIRAKOSIAN ACCOUNTANCY CORP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,941
- Estimated Expense Ratio: 0.289% 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 | $10,871 | $2,476 | — | — | — |
| 2023 | $6,637 | — | — | — | — |
| 2022 | $5,803 | $5,803 | — | — | — |