Plan Snapshot
- Plan Sponsor: Native Seed, LP
- Sponsor EIN: 862096378
- Sponsor Address: 1697 WEST 2100 NORTH, LEHI, UT, 84043
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2024 | 181 | $11.3M | $304,858 | $587,790 |
| 2023 | 121 | $8.8M | $283,848 | $536,976 |
| 2022 | 69 | $5.4M | $59,078 | $278,965 |
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 |
|---|---|---|---|---|
| CANNON CAPITAL MANAGEMENT INC | Investment Advisor | $20,126 | — | $20,126 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $19,132 | — | $19,132 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $16,640 | — | $16,640 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,898
- Estimated Expense Ratio: 0.497% 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 | $54,294 | $39,258 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |