Plan Snapshot
- Plan Sponsor: Cimplify
- Sponsor EIN: 621657133
- Sponsor Address: 302 INNOVATION DRIVE, FRANKLIN, TN, 37067
- Plan Type: 401(k)
- Total Participants: 381
- Total Assets: $91.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 381 | $91.3M | $3.3M | $1.5M |
| 2023 | 364 | $79.5M | $3.1M | $1.5M |
| 2022 | 369 | $66.2M | $2.9M | $1.3M |
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 |
|---|---|---|---|---|
| LBMC PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC PC — 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 | $91,942 | — | $18,372 | — | — |
| 2023 | $146,671 | — | $107,865 | — | — |
| 2022 | $142,941 | — | $105,614 | — | — |