Plan Snapshot
- Plan Sponsor: Freshly, INC.
- Sponsor EIN: 463173351
- Sponsor Address: 115 E 23RD STREET, NEW YORK, NY, 10010
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 842
- Total Assets: $9.1M
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. |
|---|---|---|---|---|
| 2022 | 842 | $9.1M | $1.3M | $2.7M |
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 |
|---|---|---|---|---|
| FIRST GREAT-WEST LIFE & ANNUITY | Recordkeeper | $62,574 | — | $62,574 |
| MMA SECURITIES LLC | Investment Advisor | $25,071 | — | $25,071 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,760 | — | $8,760 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,405
- Estimated Expense Ratio: 1.057% 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 |
|---|---|---|---|---|---|
| 2022 | $96,154 | — | $96,154 | — | — |