Plan Snapshot
- Plan Sponsor: Daysmart Software, LLC
- Sponsor EIN: 383471100
- Sponsor Address: 312 S STATE ST, ANN ARBOR, MI, 48104
- Plan Type: 401(k)
- Total Participants: 287
- Total Assets: $16.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 287 | $16.6M | $1.1M | $2.0M |
| 2023 | 288 | $11.9M | $805,185 | $1.5M |
| 2022 | 231 | $8.6M | $736,583 | $1.4M |
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 |
|---|---|---|---|---|
| BALANCE & STRATEGY ADVISORS, CPAS | Auditor | — | — | $0 |
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 | $73,278 | $28,576 | — | — | — |
| 2023 | $58,204 | $21,507 | $36,697 | — | — |
| 2022 | $54,728 | $14,852 | $39,876 | — | — |