# Drips Holdings, LLC 401(k) Plan
Source: https://planprovider.pro/companies/drips-holdings-llc-plan-001

> Drips Holdings, LLC&#39;s 401(k) plan: 123 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Drips Holdings, LLC

- **Sponsor EIN:** 822455344

- **Sponsor Address:** 1700 W MARKET ST. #173, AKRON, OH, 44313

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

- **Total Participants:** 123

- **Total Assets:** $3.5M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|123|$3.5M|$0|$749,388|

| 2023|107|$2.4M|$0|$653,718|

| 2022|96|$1.7M|$0|$709,775|

## 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|

| BMSS, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [BMSS, LLC](https://planprovider.pro/provider/bmss-llc) — 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|$6,013|$2,417|—|—|—|

| 2023|$5,183|$1,603|—|—|—|

| 2022|$3,157|$3,110|$47|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/drips-holdings-llc-plan-001)

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