Plan Snapshot
- Plan Sponsor: The Binding Site, INC.
- Sponsor EIN: 330282653
- Sponsor Address: 9606 KEARNY VILLA ROAD, SAN DIEGO, CA, 92126
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 131
- Total Assets: $22.6M
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. |
|---|---|---|---|---|
| 2023 | 131 | $22.6M | $1.1M | $1.4M |
| 2022 | 122 | $20.5M | $967,502 | $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 |
|---|---|---|---|---|
| MORNINGSTAR | Recordkeeper | $3,156 | $7,759 | $10,915 |
| VOYA RETIREMENT INSURANCE&ANNUITY C | Other Service Provider | $3,156 | $7,759 | $10,915 |
| SAN DIEGO PENSION CONSULTANTS | Recordkeeper | — | $10,291 | $10,291 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,121
- Estimated Expense Ratio: 0.142% 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 |
|---|---|---|---|---|---|
| 2023 | $9,951 | — | $9,951 | — | — |
| 2022 | $11,333 | — | — | — | $11,333 |