Retirement plan

COMPLY TECHNOLOGIES, INC. 401(K) PLAN

Name: COMPLY TECHNOLOGIES, INC. - COMPLY TECHNOLOGIES, INC. 401(K) PLAN (2024) Form 5500
Creator: COMPLY TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMPLY TECHNOLOGIES, INC. 401(K) PLAN, COMPLY TECHNOLOGIES, INC.

COMPLY TECHNOLOGIES, INC.EIN 02-0693753Plan #001PY 2024

136 MADISON AVENUE, 8TH FLOOR - NEW YORK, NY 10016646-747-2336

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15.6M

+23.2% from 2023

Total participants

355

-3.5% from 2023

Average account balance

$52,020

+22.3% from 2023

Annual return

16.89%

-6.34 pp from 2023

Benchmarks

See 611 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort611 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$15.61M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$52K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

300

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

80.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.89%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$269

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$80,748
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MML INVESTORS SERVICES LLC Service code 27	Advisory (Plan)	$39,681
THE ANGELL PENSION GROUP, INC.3+ years Filed as: THE ANGELL PENSION GROUP INC Service code 49 · EIN 04-2530412	Other Services	$6,930
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MML INVESTORS Service code 27 · EIN 04-2746212	Advisory (Plan)	$0
MORNINGSTAR3+ years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$81K

$289 / participant

Contract admin$81K100.0%

% of EOY assets

0.517%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TMI CPA, P.C.
Auditor EIN: 472426908
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,020

$90,064-42.2%

$100,415-48.2%

$77,762-33.1%

Participation rate

80.3%

81.3%-1.0pp

81.5%-1.2pp

70.6%+9.7pp

Annual return

16.89%

20.61%-3.7pp

49.47%-32.6pp

31.27%-14.4pp

Employer contribution / active EE

$1,735

$3,043-43.0%

$3,943-56.0%

$2,728-36.4%

Participant deferral / active EE

$8,591

$8,282+3.7%

$8,091+6.2%

$4,651+84.7%

Admin fee / account holder

$269

$172+56.5%

$7,906-96.6%

$433-37.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$80,748

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MML INVESTORS SERVICES LLC

Service code 27

Advisory (Plan)

$39,681

THE ANGELL PENSION GROUP, INC.3+ years

Filed as: THE ANGELL PENSION GROUP INC

Service code 49 · EIN 04-2530412

Other Services

$6,930

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MML INVESTORS

Service code 27 · EIN 04-2746212

Advisory (Plan)

MORNINGSTAR3+ years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

COMPLY TECHNOLOGIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMPLY TECHNOLOGIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion