Plan Snapshot
- Plan Sponsor: Databank Imx LLC
- Sponsor EIN: 251921937
- Sponsor Address: 458 PIKE ROAD, HUNTINGDON VALLEY, PA, 19006
- Plan Type: 401(k)
- Total Participants: 459
- Total Assets: $25.2M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 459 | $25.2M | $331,531 | $1.6M |
| 2023 | 500 | $23.3M | $324,387 | $1.6M |
| 2022 | 485 | $21.1M | $303,629 | $1.5M |
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 |
|---|---|---|---|---|
| RSM US LLP | Auditor | $18,900 | — | $18,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,900
- Estimated Expense Ratio: 0.075% of plan assets
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 | $160,194 | — | $100,040 | $18,900 | — |
| 2023 | $147,361 | — | $88,880 | $19,425 | — |
| 2022 | $146,315 | $89,417 | $39,258 | — | $17,640 |