# Schilling Paradise Corp. 401(k) Plan
Source: https://planprovider.pro/companies/schilling-paradise-corp-401k-plan

> Schilling Paradise Corp.&#39;s 401(k) plan: 320 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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