Plan Snapshot
- Plan Sponsor: Innova Solutions, INC.
- Sponsor EIN: 582400405
- Sponsor Address: 1455 LINCOLN PARKWAY EAST 8TH FLOOR, ATLANTA, GA, 30346
- Plan Type: 401(k)
- Total Participants: 35,700
- Total Assets: $348.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 35,700 | $348.8M | -$24,948 | $24.6M |
| 2023 | 33,760 | $328.5M | $25,057 | $24.7M |
| 2022 | 18,338 | $171.6M | $921 | $20.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SMITH & HOWARD, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $721,202 | $40,962 | $1,200 | — | — |
| 2023 | $541,664 | $32,059 | — | $95,414 | — |
| 2022 | $557,759 | $30,395 | — | — | — |