# Databank Imx LLC 401(k) Plan
Source: https://planprovider.pro/companies/databank-imx-llc-401k-plan

> Databank Imx LLC's 401(k) plan: 459 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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