Plan Snapshot
- Plan Sponsor: Silicon Valley Medical Development, LLC
- Sponsor EIN: 263021328
- Sponsor Address: 973 UNIVERSITY AVE, LOS GATOS, CA, 95032
- Plan Type: 401(k)
- Total Participants: 324
- Total Assets: $6.4M
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 | 324 | $6.4M | $361,268 | $947,399 |
| 2023 | 242 | $5.3M | $280,962 | $739,423 |
| 2022 | 219 | $3.7M | $234,410 | $577,357 |
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 |
|---|---|---|---|---|
| PCS RETIREMENT, LLC | Recordkeeper | $3,269,352 | — | $3,269,352 |
| PENSIONONE ADVISORS, INC. | Recordkeeper | $35,372 | — | $35,372 |
| CAPITAL PERFORMANCE ADVISORS, LLP | Investment Advisor | $27,304 | — | $27,304 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PCS RETIREMENT, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,332,028
- Estimated Expense Ratio: 51.718% 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 | $94,628 | — | — | — | — |
| 2023 | $79,411 | $20,310 | $28,636 | — | — |
| 2022 | $65,334 | $16,338 | $48,996 | — | — |