Servpro of Redmond 401(k) Plan

• Compliance

  Low fidelity bond

  Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

  Form 5500-SF
• Opportunity

  Low participation

  Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  Lines 6a and 6g

Industry

54 - Professional, Scientific, and Technical Services

Plan type

Defined contribution

Participants

<25

Cohort

148,267 peers

Snapshot

2025

Not reported. Schedule C was not filed with this plan's most recent Form 5500, so no paid service providers are listed.

• 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.
• 2T
  Default investment account

  Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
• 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.