Plan Snapshot
- Plan Sponsor: Gusto (Zenpayroll)
- Sponsor EIN: 453942850
- Sponsor Address: 525 20TH STREET, SAN FRANCISCO, CA, 94107
- Plan Type: 401(k)
- Total Participants: 2,695
- Total Assets: $138.5M
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 | 2,695 | $138.5M | $0 | $22.8M |
| 2023 | 2,422 | $102.7M | $3,629 | $20.5M |
| 2022 | 2,552 | $70.6M | $0 | $18.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $167,192 | — | $167,192 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $34,194 | — | $34,194 |
| PENSION ASSURANCE, LLP | ACCOUNTANT/AUDITOR | $15,000 | — | $15,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- PENSION ASSURANCE, LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $216,386
- Estimated Expense Ratio: 0.156% 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 | $216,386 | $34,194 | $300 | $15,000 | — |
| 2023 | $197,064 | $24,151 | — | — | — |
| 2022 | $192,550 | $15,227 | — | — | — |