Plan Snapshot
- Plan Sponsor: Drip Global, INC.
- Sponsor EIN: 263861881
- Sponsor Address: 123 N 3RD STREET, MINNEAPOLIS, MN, 55401
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 71
- Total Assets: $5.0M
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. |
|---|---|---|---|---|
| 2023 | 71 | $5.0M | $190,831 | $547,477 |
| 2022 | 71 | $4.3M | $249,303 | $717,281 |
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 |
|---|---|---|---|---|
| DECIMAL, INC. | Recordkeeper | $16,096 | — | $16,096 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,096
- Estimated Expense Ratio: 0.323% 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 |
|---|---|---|---|---|---|
| 2023 | $17,460 | — | — | — | — |
| 2022 | $16,773 | $1,368 | $15,405 | — | — |