Plan Snapshot
- Plan Sponsor: Saroyan Lumber Company
- Sponsor EIN: 952052198
- Sponsor Address: 6230 S ALAMEDA STREET, HUNTINGTON PARK, CA, 90255
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $5.8M
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. |
|---|---|---|---|---|
| 2024 | 110 | $5.8M | $54,376 | $295,586 |
| 2023 | 105 | $5.2M | $59,036 | $302,236 |
| 2022 | 108 | $4.5M | $62,093 | $333,549 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $33,554 | — | $33,554 |
| LION STREET FINANCIAL LLC | Investment Advisor | — | $20,893 | $20,893 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,447
- Estimated Expense Ratio: 0.938% 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 | $37,386 | $3,832 | — | — | — |
| 2023 | $31,358 | $3,164 | — | — | — |
| 2022 | $30,746 | $2,776 | $27,970 | — | — |