Plan5500

Simplify Compliance 401(K) Plan — Form 5500 plan (Simplify Compliance, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Simplify Compliance 401(K) Plan is a benefit plan reported by Simplify Compliance, LLC under EIN 26-0753128 and plan number 001. The latest loaded filing year is 2023. The filing reports 548 participants and $35,860,035 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$35.9MPlan net assets, end of year$35,860,035
Participants548Covered participants reported
Assets / participant$65.4KComputed: assets ÷ participants$65,438 (computed)
Provider compensation$106.4K2 Schedule C provider row(s)$106,428
Plan sponsor
Simplify Compliance, LLC
EIN
26-0753128
Plan number
001
Plan type
2
Location
Brentwood, TN
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    548 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$35.9M total assets
Net assets$35.9MLiabilities$0
Money in vs. money out
Total income / additions$8.1M
Total expenses$5.9M
Benefits paid / distributions$5.7M
Contributions
Employer$510.2K
Participant$2.3M
Full reported line items

Net assets

Total assets (EOY)
$35,860,035
Total liabilities (EOY)
$0
Net assets (EOY)
$35,860,035
Net assets (BOY)
$33,609,113

Income & contributions

Employer contributions
$510,216
Participant contributions
$2,250,269
Total contributions
$2,771,877
Total income / additions
$8,106,013

Expenses & distributions

Benefits paid
$5,734,863
Administrative expenses
$120,228
Total expenses
$5,855,091
Net increase / (decrease)
$2,250,922
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 18%Participant 82%
Total expenses ÷ net assets16%Computed ratio
Benefits paid ÷ total income71%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Prime Capital Investment Advisors$64.8K
    ADVISOR · Direct $64.8K
  2. 2
    Fidelity Investments Institutional$41.7K
    RECORDKEEPER · Direct $41.7K · Indirect $0

Related Form 5500 pages