Plan Snapshot
- Plan Sponsor: Simpler Postage, INC. Dba Easypost
- Sponsor EIN: 461393085
- Sponsor Address: 2600 N ASHTON BLVD STE 300A, LEHI, UT, 84043
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 462
- Total Assets: $29.1M
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. |
|---|---|---|---|---|
| 2025 | 462 | $29.1M | $0 | $0 |
| 2024 | 473 | $23.6M | $1.5M | $4.3M |
| 2023 | 375 | $14.4M | $1.1M | $3.4M |
| 2022 | 303 | $5.8M | $699,249 | $2.3M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $48,622 | — | $48,622 |
| WELLTH ADVISORY SERVICES LLC | Investment Advisor | $38,942 | — | $38,942 |
| PENSION ASSURANCE LLP | Auditor | $9,123 | — | $9,123 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,687
- Estimated Expense Ratio: 0.332% 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 |
|---|---|---|---|---|---|
| 2025 | $4,150,658 | $43,734 | — | $9,123 | — |
| 2024 | $84,580 | $41,013 | — | — | — |
| 2023 | $63,574 | $29,063 | — | — | — |
| 2022 | $38,837 | $19,313 | $19,524 | — | — |