Plan Snapshot
- Plan Sponsor: Soapy Joes Group, INC.
- Sponsor EIN: 843914852
- Sponsor Address: 11465 WOODSIDE AVE, SANTEE, CA, 92071
- Plan Type: 401(k)
- Total Participants: 361
- Total Assets: $2.4M
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 | 361 | $2.4M | $179,940 | $482,120 |
| 2023 | 354 | $1.7M | $150,678 | $438,631 |
| 2022 | 291 | $1.1M | $113,633 | $338,484 |
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 |
|---|---|---|---|---|
| PREMIER PLAN CONSULTANTS INC. | CONTRACT ADMIN | $13,963 | $5,322 | $19,285 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $12,710 | — | $12,710 |
| CAMBRIDGE INVESTMENT GROUP | INVESTMENT ADVISOR | $7,476 | — | $7,476 |
| BAKER TILLY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,471
- Estimated Expense Ratio: 1.669% 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 | $32,425 | — | $15,832 | — | — |
| 2023 | $3,157 | — | — | — | — |
| 2022 | $1,671 | — | — | — | — |