Plan Snapshot
- Plan Sponsor: Insurify, INC
- Sponsor EIN: 462732148
- Sponsor Address: 201 BROADWAY, CAMBRIDGE, MA, 02139
- Plan Type: 401(k)
- Total Participants: 137
- Total Assets: $5.9M
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 | 137 | $5.9M | $392,360 | $839,233 |
| 2023 | 98 | $4.8M | $351,745 | $702,230 |
| 2022 | 189 | $1.8M | $288,577 | $652,463 |
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 |
|---|---|---|---|---|
| GRAY GRAY & GRAY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $7,482 | $4,122 | — | — | — |
| 2023 | $3,904 | $2,268 | — | — | — |
| 2022 | — | — | — | — | — |