# Simplisafe, INC. 401(k) Plan
Source: https://planprovider.pro/companies/simplisafe-inc-401k-plan

> Simplisafe, INC.'s 401(k) plan: 1,145 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

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

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