Plan Snapshot
- Plan Sponsor: Simplisafe, INC.
- Sponsor EIN: 205367003
- Sponsor Address: 294 WASHINGTON STREET 9TH FLOOR, BOSTON, MA, 02108
- Plan Type: 401(k)
- Total Participants: 1,145
- Total Assets: $55.3M
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 | 1,145 | $55.3M | $3.9M | $8.2M |
| 2023 | 1,155 | $38.4M | $3.6M | $7.6M |
| 2022 | 1,074 | $22.9M | $3.0M | $6.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $122,808 | — | $122,808 |
| THE HAYS FINANCIAL GROUP, LLC | INVESTMENT ADVISOR | $45,658 | — | $45,658 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $18,853 | — | $18,853 |
| WHITLEY PENN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WHITLEY PENN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $187,319
- Estimated Expense Ratio: 0.338% 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 | $187,008 | $64,200 | — | — | — |
| 2023 | $120,089 | $44,428 | — | — | — |
| 2022 | $79,337 | $29,953 | $49,384 | — | — |