Plan Snapshot
- Plan Sponsor: Reconserve, INC.
- Sponsor EIN: 952466182
- Sponsor Address: 2811 WILSHIRE BLVD 410, SANTA MONICA, CA, 90403
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 429
- Total Assets: $18.6M
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 | 429 | $18.6M | $299,099 | $1.4M |
| 2023 | 359 | $16.2M | $266,260 | $1.1M |
| 2022 | 328 | $14.3M | $233,815 | $937,096 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $66,942 | — | $66,942 |
| SHUSTER ADVISORY GROUP, LLC | Other Service Provider | — | $39,472 | $39,472 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,414
- Estimated Expense Ratio: 0.571% 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 | $68,286 | $412 | $66,357 | — | — |
| 2023 | $54,813 | $30,523 | $22,960 | — | — |
| 2022 | $89,116 | $75,744 | $11,972 | — | — |