Plan Snapshot
- Plan Sponsor: Spendmend, LLC
- Sponsor EIN: 453436164
- Sponsor Address: 2680 HORIZON DR. SE, GRAND RAPIDS, MI, 49546
- Plan Type: 401(k)
- Total Participants: 383
- Total Assets: $19.6M
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 | 383 | $19.6M | $552,395 | $2.3M |
| 2023 | 340 | $16.1M | $453,098 | $1.9M |
| 2022 | 290 | $10.9M | $333,523 | $1.4M |
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 |
|---|---|---|---|---|
| CROWE | Auditor | — | — | $0 |
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 | $95,850 | $70,961 | $24,889 | — | — |
| 2023 | $70,580 | $50,887 | $19,693 | — | — |
| 2022 | $57,090 | $40,885 | $16,205 | — | — |