Plan Snapshot
- Plan Sponsor: Purple Innovation, LLC
- Sponsor EIN: 272677854
- Sponsor Address: 4100 N CHAPEL RIDGE ROAD, LEHI, UT, 84043
- Plan Type: 401(k)
- Total Participants: 1,079
- Total Assets: $40.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,079 | $40.4M | $3.8M | $5.2M |
| 2023 | 1,351 | $32.9M | $3.8M | $5.1M |
| 2022 | 1,275 | $21.7M | $3.7M | $4.9M |
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 |
|---|---|---|---|---|
| RICHEY, MAY & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RICHEY, MAY & CO., LLP — Auditor
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 | $75,574 | — | $75,574 | — | — |
| 2023 | $63,297 | — | $63,297 | — | — |
| 2022 | $67,455 | — | $67,455 | — | — |