Plan Snapshot
- Plan Sponsor: Torkildson Katz, A Law Corporation
- Sponsor EIN: 990155867
- Sponsor Address: 700 BISHOP STREET, HONOLULU, HI, 96813
- Plan Type: DC
- Total Participants: 24
- Total Assets: $34.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 24 | $34.1M | $730,463 | $84,371 |
| 2023 | 21 | $41.7M | $339,896 | $237,842 |
| 2022 | 20 | $36.8M | $403,357 | $123,255 |
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 |
|---|---|---|---|---|
| NEWPORT TRUST COMPANY | TRUSTEE | $10,865 | — | $10,865 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $6,729 | — | $6,729 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,594
- Estimated Expense Ratio: 0.052% 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 | $601,714 | — | $17,595 | — | — |
| 2023 | $2,118,779 | — | $37,713 | — | — |
| 2022 | $214,744 | — | $16,186 | — | — |