Plan Snapshot
- Plan Sponsor: Succession Capital, INC.
- Sponsor EIN: 990378665
- Sponsor Address: 366 FORWARD STREET, SUITE A, LA JOLLA, CA, 92037
- Plan Type: 401(k)
- Total Participants: 615
- Total Assets: $25.4M
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 | 615 | $25.4M | $1.2M | $2.3M |
| 2023 | 546 | $16.6M | $887,451 | $1.7M |
| 2022 | 512 | $11.5M | $653,992 | $1.2M |
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 COMPANY | CONTRACT ADMINISTRATOR | $139,752 | — | $139,752 |
| PRUDENTIAL INSURANCE AGENCY LLC | OTHER SERVICES | — | $53,466 | $53,466 |
| PRUCO SECURITIES, LLC | OTHER SERVICES | — | $30,475 | $30,475 |
| PEN FLEX INC | CONTRACT ADMINISTRATOR | $7,566 | $10,492 | $18,058 |
| VPAG LLC DBA VISIONPOINT | INVESTMENT ADVISOR | $6,320 | — | $6,320 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $248,071
- Estimated Expense Ratio: 0.978% 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 | $162,432 | — | $162,432 | — | — |
| 2023 | $109,931 | — | $109,931 | — | — |
| 2022 | $81,494 | — | $81,494 | — | — |