# Ifit INC. 401(k) Plan
Source: https://planprovider.pro/companies/ifit-inc-401k-plan

> Ifit INC.'s 401(k) plan: 745 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/global-retirement-partners-llc) — CONSULTANT

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

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