Plan Snapshot
- Plan Sponsor: Schilling Paradise Corp.
- Sponsor EIN: 270601673
- Sponsor Address: 487 VERNON WAY, EL CAJON, CA, 92020
- Plan Type: 401(k)
- Total Participants: 320
- Total Assets: $8.2M
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 | 320 | $8.2M | $609,365 | $644,027 |
| 2023 | 300 | $6.6M | $326,829 | $602,478 |
| 2022 | 285 | $5.5M | $457,701 | $534,874 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE | CONTRACT ADMINISTRATOR | $102,188 | — | $102,188 |
| INDEPENDENT FINANCIAL GROU, INC. | OTHER SERVICES | — | $24,379 | $24,379 |
| LAVINE, LOFGREN, MORRIS, ENGELBERG | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,567
- Estimated Expense Ratio: 1.546% 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 | $102,188 | — | $102,188 | — | — |
| 2023 | $84,685 | — | $84,685 | — | — |
| 2022 | $70,351 | — | $70,351 | — | — |