Plan Snapshot
- Plan Sponsor: Sun Pacific Shippers, LP
- Sponsor EIN: 770570025
- Sponsor Address: 1095 EAST GREEN STREET, PASADENA, CA, 91106
- Plan Type: DC
- Total Participants: 1,558
- Total Assets: $26.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,558 | $26.0M | $2.8M | $1.2M |
| 2023 | 1,528 | $18.1M | $2.5M | $1.0M |
| 2022 | 1,626 | $13.2M | $2.2M | $882,819 |
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 | $65,873 | — | $65,873 |
| M. GREEN AND COMPANY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,873
- Estimated Expense Ratio: 0.253% 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 | $65,873 | — | $65,873 | — | — |
| 2023 | $68,787 | — | $68,787 | — | — |
| 2022 | $69,904 | — | $69,904 | — | — |