Plan Snapshot
- Plan Sponsor: Raken, INC.
- Sponsor EIN: 455301231
- Sponsor Address: 703 PALOMAR AIRPORT ROAD SUITE 300, CARLSBAD, CA, 92011
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 140
- Total Assets: $9.5M
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. |
|---|---|---|---|---|
| 2025 | 140 | $9.5M | $0 | $0 |
| 2024 | 105 | $6.6M | $489,089 | $930,337 |
| 2023 | 102 | $4.8M | $473,066 | $905,195 |
| 2022 | 106 | $3.0M | $388,998 | $713,227 |
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 |
|---|---|---|---|---|
| GUSTO INVESTMENT SERVICES, LLC | Custodian / Trustee | $9,657 | — | $9,657 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,657
- Estimated Expense Ratio: 0.102% 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 | $560,389 | $9,657 | — | — | — |
| 2024 | $5,408 | $4,628 | — | — | — |
| 2023 | $3,480 | $2,956 | — | — | — |
| 2022 | $6,077 | $5,443 | $4 | — | — |