# Great Minds Pbc 401(k) Plan
Source: https://planprovider.pro/companies/great-minds-pbc-401k-plan

> Great Minds Pbc's 401(k) plan: 1,203 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — RECORD KEEPER

- [RSM US LLP](https://planprovider.pro/provider/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|—|—|—|—|

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