Plan Snapshot
- Plan Sponsor: Mind 24-7, LLC
- Sponsor EIN: 863661186
- Sponsor Address: 1375 N. SCOTTSDALE RD., SCOTTSDALE, AZ, 85257
- Plan Type: 401(k)
- Total Participants: 189
- Total Assets: $3.9M
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 | 189 | $3.9M | $671,765 | $722,442 |
| 2023 | 398 | $3.9M | $1.0M | $921,732 |
| 2022 | 386 | $1.7M | $692,175 | $698,086 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $69,741 | — | $69,741 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,741
- Estimated Expense Ratio: 1.796% 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 | $69,741 | — | $69,741 | — | — |
| 2023 | $43,629 | — | $43,629 | — | — |
| 2022 | — | — | — | — | — |