Plan Snapshot
- Plan Sponsor: Blockfi INC.
- Sponsor EIN: 822390015
- Sponsor Address: 115 BROADWAY,11TH FLOOR, NEW YORK, NY, 10006
- Plan Type: 401(k)
- Total Participants: 25
- Total Assets: $31
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 25 | $31 | $22,884 | $417,338 |
| 2023 | 43 | $8.2M | $1,229 | $1.6M |
| 2022 | 277 | $8.9M | $2,766 | $5.0M |
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 | $61,531 | — | $61,531 |
| COHNREZNICK | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,531
- Estimated Expense Ratio: 198487.097% 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 | $61,781 | — | — | — | — |
| 2023 | $51,647 | $205 | — | — | — |
| 2022 | $35,494 | — | $35,494 | — | — |