Plan Snapshot
- Plan Sponsor: First Digital Communications, LLC
- Sponsor EIN: 870669206
- Sponsor Address: 357 S. 670 W, #300, LINDON, UT, 840422094
- Plan Type: 401(k)
- Total Participants: 200
- Total Assets: $15.2M
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 | 200 | $15.2M | $460,155 | $984,567 |
| 2023 | 202 | $13.4M | $386,630 | $887,613 |
| 2022 | 199 | $11.0M | $345,479 | $787,075 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL | Investment Advisor | $25,006 | — | $25,006 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $12,741 | — | $12,741 |
| WC ADMINISTRATORS, LLC | Other Service Provider | $11,274 | — | $11,274 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Other Service Provider | $6,947 | — | $6,947 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,486 | — | $5,486 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,454
- Estimated Expense Ratio: 0.405% 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 | $57,898 | — | $57,898 | — | — |
| 2023 | $42,588 | — | $42,588 | — | — |
| 2022 | $73,180 | — | — | — | $73,180 |