Plan Snapshot
- Plan Sponsor: Thermoworks, INC.
- Sponsor EIN: 870570676
- Sponsor Address: 741 EAST UTAH VALLEY DRIVE, AMERICAN FORK, UT, 84003
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $9.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 119 | $9.4M | $438,820 | $424,966 |
| 2023 | 107 | $7.7M | $384,434 | $393,662 |
| 2022 | 111 | $6.1M | $385,977 | $362,698 |
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 | $38,718 | — | $38,718 |
| WELLS FARGO CLEARING SERVICES LLC | INVESTMENT ADVISORY | $28,931 | $5 | $28,936 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,654
- Estimated Expense Ratio: 0.717% 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 | $67,652 | $28,934 | $38,718 | — | — |
| 2023 | $72,042 | $22,747 | $49,295 | — | — |
| 2022 | $66,820 | $22,219 | $44,601 | — | — |