Plan Snapshot
- Plan Sponsor: Iap World Services, INC.
- Sponsor EIN: 421628757
- Sponsor Address: 7315 N. ATLANTIC AVE, CAPE CANAVERAL, FL, 32920
- Plan Type: DC
- Total Participants: 1,163
- Total Assets: $150.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 1,163 | $150.1M | $1.2M | $3.3M |
| 2023 | 1,269 | $150.9M | $1.2M | $4.0M |
| 2022 | 1,040 | $143.8M | $1.4M | $4.5M |
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 |
|---|---|---|---|---|
| SMITH & HOWARD | Auditor | $22,000 | — | $22,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,000
- Estimated Expense Ratio: 0.015% 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 | $31,244 | $20,478 | $300 | $22,000 | — |
| 2023 | $25,269 | $6,042 | $1,200 | $78,000 | — |
| 2022 | — | — | — | — | — |