Plan Snapshot
- Plan Sponsor: Simon Eye Management LLC
- Sponsor EIN: 832231457
- Sponsor Address: 5301 LIMESTONE RD STE 128, WILMINGTON, DE, 198081253
- Plan Type: 401(k)
- Total Participants: 195
- Total Assets: $9.9M
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 | 195 | $9.9M | $414,129 | $808,810 |
| 2023 | 179 | $8.8M | $377,808 | $732,912 |
| 2022 | 166 | $6.5M | $369,417 | $803,158 |
| 2020 | 140 | $5.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| DIVERSIFIED, LLC | ADVISOR | $16,775 | — | $16,775 |
| PAYCHEX, INC. | RECORDKEEPER | $14,545 | — | $14,545 |
| DIVERSIFIED ENTERPRISES LLC | ADVISOR | $5,936 | — | $5,936 |
| WHISMAN GIORDANO & ASSOCIATES, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
- WHISMAN GIORDANO & ASSOCIATES, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,256
- Estimated Expense Ratio: 0.377% 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 | $38,116 | $22,711 | $14,545 | — | — |
| 2023 | $29,491 | $17,806 | $11,685 | — | — |
| 2022 | $39,926 | $15,841 | $11,585 | — | $12,500 |
| 2020 | $17,428 | $9,796 | $7,632 | — | — |