Plan Snapshot
- Plan Sponsor: Trust Automation, INC.
- Sponsor EIN: 770420691
- Sponsor Address: 125 VENTURE DRIVE, SAN LUIS OBISPO, CA, 93401
- Plan Type: 401(k)
- Total Participants: 112
- Total Assets: $10.6M
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 | 112 | $10.6M | $601,882 | $785,018 |
| 2023 | 116 | $8.4M | $425,000 | $735,797 |
| 2022 | 105 | $6.7M | $307,494 | $704,430 |
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 |
|---|---|---|---|---|
| HILDE MINKEL & ASSOCIATES | Other Service Provider | $5,475 | — | $5,475 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,475
- 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 | $15,611 | — | $4,916 | — | — |
| 2023 | $29,575 | — | $17,815 | — | — |
| 2022 | $8,481 | — | $8,481 | — | — |