Plan Snapshot
- Plan Sponsor: Great Minds Pbc
- Sponsor EIN: 843785772
- Sponsor Address: 55 M STREET SE SUITE 340, WASHINGTON, DC, 20003
- Plan Type: 401(k)
- Total Participants: 1,203
- Total Assets: $79.6M
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 | 1,203 | $79.6M | $6.2M | $10.5M |
| 2023 | 1,382 | $60.6M | $5.6M | $9.7M |
| 2022 | 1,032 | $37.5M | $4.3M | $7.7M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | RECORD KEEPER | $117,467 | — | $117,467 |
| ALLIANT RETIREMENT SERVICES, LLC | INVESTMENT/FINANCIAL ADV | $30,000 | — | $30,000 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RECORD KEEPER
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,467
- Estimated Expense Ratio: 0.185% 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 | $147,467 | $32,691 | $114,776 | — | — |
| 2023 | $97,774 | $22,778 | $74,996 | — | — |
| 2022 | $118,701 | — | — | — | — |