Plan Snapshot
- Plan Sponsor: Reed Family Companies
- Sponsor EIN: 942208599
- Sponsor Address: 928 12TH STREET, MODESTO, CA, 95354
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 534
- Total Assets: $1.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 534 | $1.7M | $0 | $6.3M |
| 2023 | 516 | $2.0M | $5.6M | $1.8M |
| 2022 | 457 | $1.8M | $5.7M | $1.7M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO. | Recordkeeper | $333,565 | — | $333,565 |
| CLIFTONLARSONALLEN LLP | Auditor | $35,175 | — | $35,175 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $368,740
- Estimated Expense Ratio: 22.099% 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 | $745,259 | — | $703,440 | $35,175 | — |
| 2023 | $600,244 | — | $575,619 | $23,625 | — |
| 2022 | $513,298 | — | $487,080 | — | $26,218 |