# Connectify Hr, LLC 401(k) Plan
Source: https://planprovider.pro/companies/connectify-hr-llc-401k-plan

> Connectify Hr, LLC's 401(k) plan: 2,187 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Connectify Hr, LLC

- **Sponsor EIN:** 863868012

- **Sponsor Address:** 1840 NW 118TH ST, CLIVE, IA, 50325

- **Plan Type:** 401(k)

- **Total Participants:** 2,187

- **Total Assets:** $84.4M

## 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|2,187|$84.4M|$2.9M|$7.5M|

| 2023|1,450|$43.7M|$1.8M|$4.5M|

| 2022|642|$26.6M|$370,215|$1.1M|

## 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|

| JASON F. CLAUSEN, P.C.|Auditor|$8,000|—|$8,000|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $8,000

- **Estimated Expense Ratio:** 0.009% 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|$376,386|$113,780|$247,610|$8,000|—|

| 2023|$263,594|$78,336|$178,258|$7,000|—|

| 2022|$55,541|$22,844|$32,697|—|—|

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