Plan Snapshot
- Plan Sponsor: The Towbes Group, INC.
- Sponsor EIN: 952823837
- Sponsor Address: 33 EAST CARRILLO STREET SUITE 200, SANTA BARBARA, CA, 93120
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $10.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 110 | $10.5M | $440,926 | $675,112 |
| 2023 | 114 | $10.4M | $332,842 | $651,724 |
| 2022 | 112 | $10.3M | $317,034 | $551,694 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $37,019 | — | $37,019 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $29,797 | — | $29,797 |
| MCGOWAN GUNTERMANN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCGOWAN GUNTERMANN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,816
- Estimated Expense Ratio: 0.638% 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 | $67,193 | $30,174 | — | — | — |
| 2023 | $82,986 | $26,651 | — | — | — |
| 2022 | $63,134 | $30,975 | $32,159 | — | — |