Plan Snapshot
- Plan Sponsor: Idol Minds, LLC
- Sponsor EIN: 841394634
- Sponsor Address: IDOL MINDS, LLC CO LUCIE LYONS, GOLDEN, CO, 80403
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 118
- Total Assets: $7.1M
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. |
|---|---|---|---|---|
| 2025 | 118 | $7.1M | $0 | $0 |
| 2024 | 78 | $6.6M | $46,113 | $660,844 |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $17,690 | — | $17,690 |
| CLIENT ONE SECURITIES, LLC | Investment Advisor | $16,926 | — | $16,926 |
| COULTER & JUSTUS, P.C. | Other Service Provider | $13,000 | — | $13,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,616
- Estimated Expense Ratio: 0.674% 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 |
|---|---|---|---|---|---|
| 2025 | $1,100,761 | $16,926 | $2,787 | $13,000 | — |
| 2024 | $37,221 | — | — | — | — |