401k Record

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Simple Management Group 401(k)

Recordkeeping fees per participant · Simple Management Group Inc. 401(k) Plan · plan year 2024

$5.00

Higher than 4% of the 7,477 plans $1 to 10M that report it.

Source

= $1,259 / 252
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006131912NAL0001885603001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131912NAL0001885603001, received 2025-10-06

10th: $11.10median $71.5290th: $209.21

Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-06.

Cost and contributions

Administrative expenses excluding investment management, per participant

$143.68

10th: $13.66median $103.3390th: $302.77

Higher than 64% of the 14,713 plans $1 to 10M that report it.

Source

= $36,208 / 252
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006131912NAL0001885603001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131912NAL0001885603001, received 2025-10-06

Administrative expenses per participant

$198.67

10th: $19.42median $150.2790th: $370.75

Higher than 62% of the 15,210 plans $1 to 10M that report it.

Source

= $50,064 / 252
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006131912NAL0001885603001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131912NAL0001885603001, received 2025-10-06

Administrative expenses as a share of assets

1.552%

10th: 0.069%median 0.519%90th: 1.146%

Higher than 96% of the 15,243 plans $1 to 10M that report it.

Source

= $50,064 / $3,225,770
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006131912NAL0001885603001, received 2025-10-06
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006131912NAL0001885603001, received 2025-10-06

Employer contributions per participant

$1,594

10th: $357median $1,32390th: $2,861

Higher than 60% of the 13,342 plans $1 to 10M that report it.

Source

= $401,563 / 252
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006131912NAL0001885603001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131912NAL0001885603001, received 2025-10-06

Employer share of total contributions

36.8%

10th: 11.9%median 28.9%90th: 43.6%

Higher than 78% of the 13,370 plans $1 to 10M that report it.

Source

= $401,563 / $1,092,071
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006131912NAL0001885603001, received 2025-10-06
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006131912NAL0001885603001, received 2025-10-06

Plan terms, as stated in Simple Management Group, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251006131912NAL0001885603001, received 2025-10-06

Full record, Simple Management Group Inc. 401(k) Plan

FieldValueSource
Plan sponsorSIMPLE MANAGEMENT GROUP INCForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251006131912NAL0001885603001, received 2025-10-06
Plan nameSIMPLE MANAGEMENT GROUP INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251006131912NAL0001885603001, received 2025-10-06
Sponsor EIN / plan number85-3924667 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251006131912NAL0001885603001, received 2025-10-06
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251006131912NAL0001885603001, received 2025-10-06
Sponsor locationMAITLAND, FLForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251006131912NAL0001885603001, received 2025-10-06
Industry (business code)522298, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251006131912NAL0001885603001, received 2025-10-06
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251006131912NAL0001885603001, received 2025-10-06
Filing received2025-10-06Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251006131912NAL0001885603001, received 2025-10-06
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251006131912NAL0001885603001, received 2025-10-06
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251006131912NAL0001885603001, received 2025-10-06
Participants, beginning of year264Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251006131912NAL0001885603001, received 2025-10-06
Active participants252Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251006131912NAL0001885603001, received 2025-10-06
Participants, end of year252Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251006131912NAL0001885603001, received 2025-10-06
Participants with an account balance252Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131912NAL0001885603001, received 2025-10-06
Total assets, beginning of year$2,156,626Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251006131912NAL0001885603001, received 2025-10-06
Total assets, end of year$3,225,770Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006131912NAL0001885603001, received 2025-10-06
Net assets, end of year$3,225,770Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251006131912NAL0001885603001, received 2025-10-06
Total income$1,418,526Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251006131912NAL0001885603001, received 2025-10-06
Net income$1,069,144Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251006131912NAL0001885603001, received 2025-10-06
Employer contributions$401,563Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006131912NAL0001885603001, received 2025-10-06
Participant contributions$664,649Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251006131912NAL0001885603001, received 2025-10-06
Other contributions (incl. rollovers)$25,859Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251006131912NAL0001885603001, received 2025-10-06
Total contributions$1,092,071Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006131912NAL0001885603001, received 2025-10-06
Benefit payments$299,318Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251006131912NAL0001885603001, received 2025-10-06
Total expenses (incl. benefit payments)$349,382Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251006131912NAL0001885603001, received 2025-10-06
Total administrative expenses$50,064Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006131912NAL0001885603001, received 2025-10-06
Contract administrator fees$34,949Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251006131912NAL0001885603001, received 2025-10-06
Recordkeeping fees$1,259Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006131912NAL0001885603001, received 2025-10-06
Investment advisory and management fees$13,856Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251006131912NAL0001885603001, received 2025-10-06
Administrative expenses excluding investment management$36,208derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006131912NAL0001885603001, received 2025-10-06
Held in mutual funds$3,075,223Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251006131912NAL0001885603001, received 2025-10-06
Independent auditorDRIVEN PSCSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251006131912NAL0001885603001, received 2025-10-06

Position = column in the DOL layout for form year 2024. Filing 20251006131912NAL0001885603001, received 2025-10-06.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
VESTWELLrecordkeeperRECORDKEEPER 13 Contract administrator; 27 Investment advisory (plan); 51 Investment management fees paid directly by plan $0no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251006131912NAL0001885603001, received 2025-10-06.

What changed since the 2023 plan year

Figure20232024Change
Total assets$2,156,626$3,225,77049.6%
Participants with a balance2312529.1%
Administrative expenses$35,402$50,06441.4%
Recordkeeping fees per participant$153.26$5.00-96.7%
Employer contributions$190,347$401,563111.0%

Prior filing 20250219114629NAL0004051969001, received 2025-02-19; the plan years are contiguous.

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Sponsor name as filed: SIMPLE MANAGEMENT GROUP INC; SEC registrant: Simple Management Group, Inc. (CIK 1888504, matched by EIN).