Plan Snapshot
- Plan Sponsor: Silver Cloud, INC.
- Sponsor EIN: 911256659
- Sponsor Address: 103 118TH AVENUE S.E., BELLEVUE, WA, 98005
- Plan Type: 401(k)
- Total Participants: 558
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 558 | $12.9M | $221,729 | $559,398 |
| 2023 | 518 | $11.9M | $160,041 | $540,895 |
| 2022 | 476 | $10.1M | $228,819 | $588,370 |
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 |
|---|---|---|---|---|
| BENSLER, LLC | SERVICE PROVIDER | — | $28,476 | $28,476 |
| PENSION DESIGN & ADMIN., INC | THIRD PARTY ADMIN. | — | $6,153 | $6,153 |
| JOHNSON & SHUTE, P.S. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHNSON & SHUTE, P.S. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,629
- Estimated Expense Ratio: 0.269% 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 | $99,758 | — | $69,874 | — | — |
| 2023 | $59,150 | — | $58,500 | — | — |
| 2022 | $85,544 | — | — | — | — |