Plan Snapshot
- Plan Sponsor: Springbuk, INC.
- Sponsor EIN: 812608495
- Sponsor Address: 525 S. MERIDIAN ST., STE 1B, INDIANAPOLIS, IN, 46225
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $5.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 87 | $5.4M | $87,453 | $831,991 |
| 2023 | 84 | $3.9M | $100,213 | $927,510 |
| 2022 | 89 | $2.9M | $94,426 | $963,205 |
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 | $20,982 | — | $20,982 |
| GLOBAL RETIREMENT PARTNERS, LLC | Investment Advisor | $16,881 | — | $16,881 |
| COMPENSATION SYSTEMS INC | Other Service Provider | $4,078 | $2,303 | $6,381 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,244
- Estimated Expense Ratio: 0.821% 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 | $58,872 | — | $58,872 | — | — |
| 2023 | $40,995 | — | $40,995 | — | — |
| 2022 | $37,320 | — | — | — | $37,320 |