Plan Snapshot
- Plan Sponsor: Teads, INC.
- Sponsor EIN: 990379325
- Sponsor Address: 55 FIFTH AVE 17TH FLOOR, NEW YORK, NY, 100034301
- Plan Type: 401(k)
- Total Participants: 273
- Total Assets: $29.2M
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 | 273 | $29.2M | $1.6M | $2.5M |
| 2023 | 309 | $25.4M | $1.6M | $2.6M |
| 2022 | 301 | $18.6M | $1.8M | $2.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $177,450 | — | $177,450 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISORY | — | $82,445 | $82,445 |
| ORENDA RETIREMENT, LLC | CONTRACT ADMINISTRATOR | $4,650 | $17,634 | $22,284 |
| WISS & CO, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISORY
- WISS & CO, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $282,179
- Estimated Expense Ratio: 0.967% 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 | $182,112 | — | $182,112 | — | — |
| 2023 | $138,105 | — | $138,105 | — | — |
| 2022 | $113,250 | — | $113,250 | — | — |