Plan Snapshot
- Plan Sponsor: Purple Communications, INC.
- Sponsor EIN: 223693371
- Sponsor Address: 13620 FM 620 NORTH, AUSTIN, TX, 78717
- Plan Type: 401(k)
- Total Participants: 1,177
- Total Assets: $34.3M
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 | 1,177 | $34.3M | $326,618 | $3.0M |
| 2023 | 1,391 | $30.9M | $348,726 | $2.7M |
| 2022 | 1,393 | $25.0M | $349,266 | $2.5M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | 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 | $165,016 | $43,419 | — | — | — |
| 2023 | $193,494 | $87,441 | — | — | — |
| 2022 | $149,554 | — | — | — | — |