Plan Snapshot
- Plan Sponsor: Redwood Electric Group, INC.
- Sponsor EIN: 942330977
- Sponsor Address: 2775 NORTHWESTERN PARKWAY, SANTA CLARA, CA, 950510947
- Plan Type: 401(k)
- Total Participants: 220
- Total Assets: $64.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 220 | $64.4M | $1.2M | $2.4M |
| 2023 | 210 | $53.1M | $1.0M | $2.2M |
| 2022 | 210 | $46.9M | $943,623 | $2.0M |
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 |
|---|---|---|---|---|
| CHARLES SCHWAB TRUST BANK | Recordkeeper | — | $30,894 | $30,894 |
| STANCORP FINANCIAL GROUP | Recordkeeper | $5,238 | — | $5,238 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — Recordkeeper
- STANCORP FINANCIAL GROUP — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,132
- Estimated Expense Ratio: 0.056% 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 | $5,238 | — | $5,238 | — | — |
| 2023 | $4,873 | — | $4,873 | — | — |
| 2022 | $12,531 | — | $12,531 | — | — |