Plan Snapshot
- Plan Sponsor: Chiptech INC
- Sponsor EIN: 650148317
- Sponsor Address: 3001 W HALLANDALE BEACH BLVD STE 10, HALLANDALE, FL, 330095158
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 146 | $1.8M | $68,794 | $175,629 |
| 2023 | 116 | $1.5M | $51,624 | $214,967 |
| 2022 | 133 | $1.2M | $27,546 | $194,202 |
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 |
|---|---|---|---|---|
| GERSON, PRESTON, KLEIN, LIPS, EISEN | 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 |
|---|---|---|---|---|---|
| 2025 | $1,743 | — | $1,600 | — | — |
| 2024 | $3,024 | $1,362 | $802 | — | — |
| 2023 | $4,326 | $490 | $2,976 | — | — |
| 2022 | $3,317 | $305 | $3,012 | — | — |