Plan Snapshot
- Plan Sponsor: Fearless Solutions, LLC
- Sponsor EIN: 264196689
- Sponsor Address: 8 MARKET PL STE 200, BALTIMORE, MD, 212024113
- Plan Type: 401(k)
- Total Participants: 258
- Total Assets: $23.0M
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 | 258 | $23.0M | $1.3M | $2.6M |
| 2023 | 283 | $18.3M | $1.2M | $2.2M |
| 2022 | 261 | $10.6M | $984,985 | $1.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURNACE COMPANY | Recordkeeper | $53,706 | — | $53,706 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $46,046 | — | $46,046 |
| COASTAL PENSION SERVICES | Other Service Provider | — | $8,660 | $8,660 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,412
- Estimated Expense Ratio: 0.471% 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 | $99,752 | $20,020 | $53,706 | — | — |
| 2023 | $67,867 | $12,841 | $36,543 | — | — |
| 2022 | $31,608 | $4,547 | $20,241 | — | $6,820 |