Simplisafe 401(K) Plan — Form 5500 plan (Simplisafe, Inc.)
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, Simplisafe 401(K) Plan is a benefit plan reported by Simplisafe, Inc. under EIN 20-5367003 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,239 participants and $38,438,462 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$38.4MPlan net assets, end of year$38,438,462
Participants1.2KCovered participants reported1,239
Assets / participant$31KComputed: assets ÷ participants$31,024 (computed)
Provider compensation$120.1K3 Schedule C provider row(s)$120,089
- Plan sponsor
- Simplisafe, Inc.
- EIN
- 20-5367003
- Plan number
- 001
- Plan type
- 2
- Location
- Boston, MA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,239 | H, C | 20241004165935NAL0011665825001 |
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)$38.4M total assets
Net assets$38.4MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $38,438,462
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,438,462
- Net assets (BOY)
- $22,891,755
Income & contributions
- Employer contributions
- $3,600,745
- Participant contributions
- $7,552,041
- Total contributions
- $12,809,457
- Total income / additions
- $18,257,091
Expenses & distributions
- Benefits paid
- $2,590,295
- Administrative expenses
- $120,089
- Total expenses
- $2,710,384
- Net increase / (decrease)
- $15,546,707
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $75,661 | $0 | 2023 |
| The Hays Financial Group, LLC | INVESTMENT ADVISOR | $28,185 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $16,243 | not reported in the loaded dataset | 2023 |