Plan Snapshot
- Plan Sponsor: Gridworks, INC.
- Sponsor EIN: 271892742
- Sponsor Address: 3900 SINGER BLVD NE, ALBUQUERQUE, NM, 87109
- Plan Type: 401(k)
- Total Participants: 274
- Total Assets: $8.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 274 | $8.8M | $627,490 | $1.5M |
| 2023 | 206 | $6.2M | $307,077 | $982,357 |
| 2022 | 97 | $3.2M | $159,814 | $633,535 |
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 |
|---|---|---|---|---|
| PULAKOS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $60,860 | — | $60,860 | — | — |
| 2023 | $33,765 | — | $33,765 | — | — |
| 2022 | $27,747 | — | — | — | $27,747 |