Plan Snapshot
- Plan Sponsor: Lever1
- Sponsor EIN: 454152888
- Sponsor Address: 5200 METCALF AVE, OVERLAND PARK, KS, 66202
- Plan Type: 401(k)
- Total Participants: 1,721
- Total Assets: $53.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,721 | $53.7M | $2.9M | $6.5M |
| 2023 | 1,495 | $36.9M | $1.6M | $5.2M |
| 2022 | 1,354 | $22.6M | $1.6M | $3.9M |
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 |
|---|---|---|---|---|
| JASON F. CLAUSEN, P.C. | Auditor | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,000
- Estimated Expense Ratio: 0.015% 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 | $318,864 | $57,143 | $253,721 | $8,000 | — |
| 2023 | $255,322 | $49,771 | $205,551 | — | — |
| 2022 | $168,828 | $33,918 | $134,910 | — | — |