Plan Snapshot
- Plan Sponsor: Piper Sandler Companies
- Sponsor EIN: 300168701
- Sponsor Address: 350 NORTH 5TH STREET, SUITE 1000, MINNEAPOLIS, MN, 55401
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,855
- Total Assets: $809.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 2,855 | $809.5M | $0 | $0 |
| 2024 | 1,719 | $692.1M | $13.4M | $36.3M |
| 2023 | 1,655 | $584.0M | $13.0M | $35.8M |
| 2022 | 1,713 | $482.9M | $12.1M | $32.6M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INC | Other Service Provider | $188,151 | — | $188,151 |
| TEALWOOD ASSET MANAGEMENT INC | Other Service Provider | $7,084 | — | $7,084 |
| SEQUOIA FINANCIAL ADVISORS LLC | Other Service Provider | $6,712 | — | $6,712 |
| AVOS CAPITAL MANAGEMENT LLC | Other Service Provider | $5,077 | — | $5,077 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,024
- Estimated Expense Ratio: 0.026% 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 |
|---|---|---|---|---|---|
| 2025 | $41,434,569 | — | — | — | — |
| 2024 | $151,394 | — | — | — | — |
| 2023 | $154,107 | — | — | — | — |
| 2022 | $148,884 | — | — | — | — |