Plan Snapshot
- Plan Sponsor: Redmond, INC.
- Sponsor EIN: 203103122
- Sponsor Address: 475 WEST 910 SOUTH, HEBER CITY, UT, 84032
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 596
- Total Assets: $32.9M
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. |
|---|---|---|---|---|
| 2025 | 596 | $32.9M | $0 | $0 |
| 2024 | 456 | $27.9M | $962,172 | $1.9M |
| 2023 | 414 | $23.6M | $771,202 | $1.6M |
| 2022 | 351 | $19.2M | $620,732 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $69,568 | — | $69,568 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $31,696 | — | $31,696 |
| PENSIONS PLUS, INC. | Other Service Provider | $22,073 | — | $22,073 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,337
- Estimated Expense Ratio: 0.375% 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 | $2,659,072 | — | $95,672 | — | — |
| 2024 | $78,389 | — | $78,389 | — | — |
| 2023 | $61,589 | — | $61,589 | — | — |
| 2022 | $23,250 | — | $23,250 | — | — |