# Simple Management Group INC 401(k) Plan
Source: https://planprovider.pro/companies/simple-management-group-inc-401k-plan

> Simple Management Group INC's 401(k) plan: 252 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|—|

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