Plan Snapshot
- Plan Sponsor: 1-800 Contacts, INC.
- Sponsor EIN: 870571643
- Sponsor Address: 261 W DATA DRIVE, DRAPER, UT, 84020
- Plan Type: 401(k)
- Total Participants: 1,420
- Total Assets: $73.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,420 | $73.0M | $2.2M | $5.6M |
| 2023 | 1,179 | $61.1M | $2.3M | $5.5M |
| 2022 | 1,060 | $47.0M | $2.0M | $4.8M |
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 |
|---|---|---|---|---|
| TANNER, LLC | Auditor | $22,133 | — | $22,133 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TANNER, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,133
- Estimated Expense Ratio: 0.030% 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 | $240,594 | $63,000 | $1,500 | $22,133 | — |
| 2023 | $216,985 | $52,601 | — | $21,013 | — |
| 2022 | $213,786 | — | — | — | — |