Plan Snapshot
- Plan Sponsor: Thing5, LLC Dba Cloud5 Communications
- Sponsor EIN: 760826797
- Sponsor Address: 354 BIRNIE AVE., SPRINGFIELD, MA, 01107
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $5.8M
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 | 151 | $5.8M | $332,020 | $831,324 |
| 2023 | 137 | $5.1M | $270,887 | $767,896 |
| 2022 | 141 | $3.7M | $216,375 | $730,462 |
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 | Recordkeeper | $34,272 | — | $34,272 |
| SHORE TOMKINS ACTUARIAL RESOURCES | Recordkeeper | $4,884 | $2,566 | $7,450 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,722
- Estimated Expense Ratio: 0.715% 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 | $39,155 | — | $39,155 | — | — |
| 2023 | $28,600 | — | $28,600 | — | — |
| 2022 | $25,186 | — | $25,186 | — | — |