Plan Snapshot
- Plan Sponsor: Simpeo, LLC
- Sponsor EIN: 831723892
- Sponsor Address: 1914 4TH AVENUE NORTH, BIRMINGHAM, AL, 35203
- Plan Type: 401(k)
- Total Participants: 500
- Total Assets: $14.0M
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 | 500 | $14.0M | $213,429 | $1.5M |
| 2023 | 1,150 | $18.5M | $473,101 | $3.8M |
| 2022 | 508 | $7.4M | $342,384 | $1.5M |
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 |
|---|---|---|---|---|
| CORRIGAN KRAUSE CPA'S | Auditor | $37,880 | — | $37,880 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,880
- Estimated Expense Ratio: 0.271% 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 | $115,345 | $71,015 | — | $37,880 | — |
| 2023 | $136,479 | $60,768 | $14,867 | — | — |
| 2022 | — | — | — | — | — |