# Chiptech INC 401(k) Plan
Source: https://planprovider.pro/companies/chiptech-inc-401k-plan

> Chiptech INC&#39;s 401(k) plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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