Plan Snapshot
- Plan Sponsor: Simple Management Group INC
- Sponsor EIN: 853924667
- Sponsor Address: 2600 LAKE LUCIEN DRIVE SUITE 116, MAITLAND, FL, 32751
- Plan Type: 401(k)
- Total Participants: 252
- Total Assets: $3.2M
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. |
|---|---|---|---|---|
| 2024 | 252 | $3.2M | $401,563 | $664,649 |
| 2023 | 264 | $2.2M | $190,347 | $428,006 |
| 2022 | 8 | $155,978 | $58,608 | $108,223 |
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 |
|---|---|---|---|---|
| DRIVEN PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DRIVEN PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $50,064 | $13,856 | $34,949 | — | — |
| 2023 | $35,402 | — | — | — | — |
| 2022 | — | — | — | — | — |