Plan Snapshot
- Plan Sponsor: Redstone Residential, INC.
- Sponsor EIN: 870492731
- Sponsor Address: 2483 NORTH CANYON ROAD, PROVO, UT, 84604
- Plan Type: 401(k)
- Total Participants: 616
- Total Assets: $8.7M
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 | 616 | $8.7M | $858,776 | $1.1M |
| 2023 | 617 | $6.6M | $881,305 | $1.1M |
| 2022 | 489 | $4.0M | $575,945 | $793,642 |
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 |
|---|---|---|---|---|
| AMERITAS LIFE INSURANCE CORP | Recordkeeper | $31,516 | — | $31,516 |
| GBS RETIRE | Investment Advisor | $23,153 | — | $23,153 |
| HEALTHEQUITY RETIREMENT SERVICES, L | Other Service Provider | $16,979 | — | $16,979 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERITAS LIFE INSURANCE CORP — Recordkeeper
- GBS RETIRE — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,648
- Estimated Expense Ratio: 0.822% 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 | $74,840 | $24,917 | $48,494 | — | — |
| 2023 | $46,841 | $15,471 | $20,378 | — | — |
| 2022 | $37,889 | $11,147 | $26,742 | — | — |