Plan Snapshot
- Plan Sponsor: Ifit INC.
- Sponsor EIN: 870531206
- Sponsor Address: 1500 SOUTH 1000 WEST, LOGAN, UT, 84321
- Plan Type: 401(k)
- Total Participants: 745
- Total Assets: $76.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 745 | $76.6M | $1.4M | $5.3M |
| 2023 | 812 | $69.0M | $793,954 | $4.3M |
| 2022 | 851 | $60.2M | $1.4M | $5.7M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | CONSULTANT | $110,037 | — | $110,037 |
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $78,932 | — | $78,932 |
| COOPER SAVAS | ACCOUNTANT | $16,800 | — | $16,800 |
| ARMANINO LLP | Auditor | $16,800 | — | $16,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — CONSULTANT
- ARMANINO LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $222,569
- Estimated Expense Ratio: 0.291% 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 | $217,166 | $110,037 | — | $16,800 | — |
| 2023 | $101,161 | $14 | — | — | — |
| 2022 | $114,612 | — | $13,066 | — | — |