Plan Snapshot
- Plan Sponsor: Sambatek, LLC
- Sponsor EIN: 264801863
- Sponsor Address: 12800 WHITEWATER DRIVE, SUITE 300, MINNETONKA, MN, 55343
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 156
- Total Assets: $14.0M
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 | 156 | $14.0M | $0 | $0 |
| 2024 | 97 | $12.4M | $170,560 | $980,288 |
| 2023 | 97 | $10.9M | $186,262 | $1.1M |
| 2022 | 119 | $9.1M | $169,788 | $930,878 |
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 |
|---|---|---|---|---|
| CREATIVE PLANNING LLC | Investment Advisor | $31,099 | — | $31,099 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $27,848 | — | $27,848 |
| REDPATH AND COMPANY LLC | Auditor | $12,600 | — | $12,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,547
- Estimated Expense Ratio: 0.510% 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 | $1,845,344 | $31,099 | — | $12,600 | — |
| 2024 | $64,336 | $27,739 | — | $12,000 | — |
| 2023 | $54,466 | $23,878 | — | $8,773 | — |
| 2022 | $54,638 | — | — | — | — |