Plan Snapshot
- Plan Sponsor: Canopy Tax, INC.
- Sponsor EIN: 465164530
- Sponsor Address: 10355 SOUTH JORDAN GATEWAY, SOUTH JORDAN, UT, 840953908
- Plan Type: 401(k)
- Total Participants: 176
- Total Assets: $6.0M
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 | 176 | $6.0M | $556,302 | $963,112 |
| 2023 | 151 | $4.3M | $496,119 | $812,322 |
| 2022 | 152 | $2.8M | $377,078 | $730,628 |
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 |
|---|---|---|---|---|
| GUIDELINE, INC. | Recordkeeper | $8,170 | — | $8,170 |
| SOLTIS INVESTMENT ADVISORS | Investment Advisor | $6,561 | — | $6,561 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GUIDELINE, INC. — Recordkeeper
- SOLTIS INVESTMENT ADVISORS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,731
- Estimated Expense Ratio: 0.245% 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 | $15,552 | $10,536 | — | — | — |
| 2023 | $8,960 | $4,264 | — | — | — |
| 2022 | $6,315 | $6,284 | $31 | — | — |