Plan Snapshot
- Plan Sponsor: Bluum Usa, INC.
- Sponsor EIN: 860716114
- Sponsor Address: 4675 EAST COTTON CENTER BLVD., PHOENIX, AZ, 85040
- Plan Type: 401(k)
- Total Participants: 387
- Total Assets: $24.2M
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 | 387 | $24.2M | $470,234 | $2.1M |
| 2023 | 543 | $24.6M | $480,991 | $2.2M |
| 2022 | 545 | $20.1M | $418,381 | $1.9M |
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 |
|---|---|---|---|---|
| CREATIVE PLANNING LLC | Investment Advisor | $68,093 | — | $68,093 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $38,701 | — | $38,701 |
| HUNNEX AND SHOEMAKER INC | Other Service Provider | $23,981 | — | $23,981 |
| CARLSON ADVISORS, LLC | Auditor | $18,000 | — | $18,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,775
- Estimated Expense Ratio: 0.615% 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 | $184,673 | $184,673 | — | — | — |
| 2023 | $55,008 | $55,008 | — | — | — |
| 2022 | $22,095 | — | $22,095 | — | — |