Plan Snapshot
- Plan Sponsor: Ideo, LP
- Sponsor EIN: 263362395
- Sponsor Address: 80 PROSPECT STREET, CAMBRIDGE, MA, 02139
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 291
- Total Assets: $131.0M
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. |
|---|---|---|---|---|
| 2023 | 291 | $131.0M | $1.0M | $5.2M |
| 2022 | 416 | $120.0M | $1.4M | $5.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Other Service Provider | $36,487 | — | $36,487 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $33,505 | — | $33,505 |
| MAYFLOWER FINANCIAL ADVISORS LLC | Other Service Provider | $24,000 | — | $24,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,992
- Estimated Expense Ratio: 0.072% 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 |
|---|---|---|---|---|---|
| 2023 | $118,217 | $67,882 | — | — | — |
| 2022 | $104,967 | $41,275 | $5,085 | — | — |