Plan Snapshot
- Plan Sponsor: The Markets, LLC
- Sponsor EIN: 912122791
- Sponsor Address: 851 COHO WAY STE 305, BELLINGHAM, WA, 982252066
- Plan Type: 401(k)
- Total Participants: 224
- Total Assets: $12.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 224 | $12.8M | $0 | $665,048 |
| 2023 | 239 | $11.5M | $0 | $668,913 |
| 2022 | 237 | $10.8M | $0 | $653,460 |
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 | Recordkeeper | $70,768 | — | $70,768 |
| ALLIANT INSURANCE SERVICES, INC. | Investment Advisor | — | $39,501 | $39,501 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,269
- Estimated Expense Ratio: 0.859% 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 | $70,776 | — | $70,776 | — | — |
| 2023 | $67,881 | — | $67,881 | — | — |
| 2022 | $73,006 | — | $73,006 | — | — |