Plan Snapshot
- Plan Sponsor: Iba Usa, INC.
- Sponsor EIN: 901072480
- Sponsor Address: 470 SPRING PARK PLACE, HERNDON, VA, 20170
- Plan Type: 401(k)
- Total Participants: 340
- Total Assets: $35.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 340 | $35.9M | $1.3M | $2.9M |
| 2023 | 315 | $27.2M | $799,829 | $2.4M |
| 2022 | 311 | $20.9M | $670,430 | $2.1M |
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 |
|---|---|---|---|---|
| NFP RETIREMENT INC | NONE | $62,467 | — | $62,467 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $45,951 | — | $45,951 |
| HOZIK&COMPANY,PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — NONE
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- HOZIK&COMPANY,PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,418
- Estimated Expense Ratio: 0.302% 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 | $104,467 | $65,375 | — | — | — |
| 2023 | $94,244 | $55,493 | — | — | — |
| 2022 | $32,238 | — | — | — | — |