# Cimplify 401(k) Plan
Source: https://planprovider.pro/companies/cimplify-401k-plan

> Cimplify's 401(k) plan: 381 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| TRANSAMERICA RETIREMENT SOLUTIONS|RECORD KEEPER|$67,545|—|$67,545|

| ACUFF & ASSOCIATES, INC.|ACCOUNTANT|$18,372|—|$18,372|

| JULY BUSINESS SERVICES, LLC|RECORD KEEPER|$6,025|—|$6,025|

| LBMC PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [TRANSAMERICA RETIREMENT SOLUTIONS](https://planprovider.pro/provider/transamerica) — RECORD KEEPER

- [JULY BUSINESS SERVICES, LLC](https://planprovider.pro/provider/july-business-services) — RECORD KEEPER

- [LBMC PC](https://planprovider.pro/provider/lbmc-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $91,942

- **Estimated Expense Ratio:** 0.101% 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|$91,942|—|$18,372|—|—|

| 2023|$146,671|—|$107,865|—|—|

| 2022|$142,941|—|$105,614|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/cimplify-401k-plan)

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