Plan Snapshot
- Plan Sponsor: Brainstorm, INC.
- Sponsor EIN: 870535674
- Sponsor Address: 10 S. CENTER ST.,, AMERICAN FORK, UT, 84003
- Plan Type: 401(k)
- Total Participants: 70
- Total Assets: $7.5M
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 | 70 | $7.5M | $138,193 | $532,918 |
| 2023 | 59 | $6.4M | $301,944 | $653,904 |
| 2022 | 88 | $6.0M | $399,956 | $910,507 |
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 |
|---|---|---|---|---|
| KIMBERLIN COMPANY, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KIMBERLIN COMPANY, PLLC — Auditor
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 | $422,226 | — | $47,527 | — | — |
| 2023 | $1,658,615 | — | $47,793 | — | — |
| 2022 | $47,078 | — | — | — | — |