Plan Snapshot
- Plan Sponsor: Sounds True INC.
- Sponsor EIN: 841160535
- Sponsor Address: 300 S PUBLIC RD SUITE 201, LAFAYETTE, CO, 80026
- Plan Type: 401(k)
- Total Participants: 70
- Total Assets: $7.1M
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 | 70 | $7.1M | $246,777 | $503,275 |
| 2023 | 102 | $7.2M | $279,547 | $554,632 |
| 2022 | 126 | $6.0M | $277,099 | $540,143 |
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 |
|---|---|---|---|---|
| HAYNIE & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HAYNIE & COMPANY — 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 | $23,330 | $13,788 | — | — | — |
| 2023 | $46,383 | $36,698 | $9,685 | — | — |
| 2022 | $42,021 | $40,515 | $1,506 | — | — |