Plan Snapshot
- Plan Sponsor: Sansum Santa Barbara Medical Clinic, INC.
- Sponsor EIN: 952855614
- Sponsor Address: 470 SOUTH PATTERSON AVENUE, SANTA BARBARA, CA, 931112404
- Plan Type: DC
- Total Participants: 241
- Total Assets: $235.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 241 | $235.8M | $5.4M | $4.3M |
| 2023 | 230 | $204.9M | $5.0M | $4.1M |
| 2022 | 222 | $184.5M | $4.9M | $3.7M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | Recordkeeper | $297,719 | — | $297,719 |
| ONEAMERICA RETIREMENT SERVICES, LLC | Other Service Provider | $245,698 | — | $245,698 |
| DONNELLY WEALTH ADVISORS | Other Service Provider | $60,559 | — | $60,559 |
| MERRILL LYNCH | Investment Advisor | $39,891 | — | $39,891 |
| LAUREL WEALTH ADVISORS | Other Service Provider | $35,407 | — | $35,407 |
| MISSION WEALTH | Other Service Provider | $30,466 | — | $30,466 |
| LHA CAPITAL PARTNERS | Other Service Provider | $29,326 | — | $29,326 |
| BEACON POINTE | Other Service Provider | $27,825 | — | $27,825 |
| ENVESTNET ASSET MANAGEMENT, INC | Other Service Provider | $24,588 | — | $24,588 |
| MERCER GLOBAL ADVISORS, INC. | Other Service Provider | $21,842 | — | $21,842 |
| INTEGRITY WEALTH ADVISORS | Other Service Provider | $19,268 | — | $19,268 |
| CHARLES SCHWAB & CO, INC, | Recordkeeper | $12,642 | — | $12,642 |
| BRIDGEWATER WEALTH MGMT LLC | Other Service Provider | $12,237 | — | $12,237 |
| OMEGA FINANCIAL GROUP | Other Service Provider | $11,814 | — | $11,814 |
| COMMONWEALTH EQUITY SERVICES | Investment Advisor | $11,208 | — | $11,208 |
| ARLINGTON FINANCIAL | Other Service Provider | $10,345 | — | $10,345 |
| JP MORGAN WEALTH MANAGEMENT | Other Service Provider | $6,379 | — | $6,379 |
| PAINTED PORCH ADVISORS LLC | Other Service Provider | $6,081 | — | $6,081 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
- MERRILL LYNCH — Investment Advisor
- CHARLES SCHWAB & CO, INC, — Recordkeeper
- COMMONWEALTH EQUITY SERVICES — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $903,295
- Estimated Expense Ratio: 0.383% 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 | $830,825 | $580,471 | $245,698 | — | — |
| 2023 | $795,378 | $508,450 | $282,371 | — | — |
| 2022 | $660,441 | $469,131 | $185,555 | — | — |