Plan Snapshot
- Plan Sponsor: Ibaset, INC.
- Sponsor EIN: 473890327
- Sponsor Address: 26812 VISTA TERRACE, LAKE FOREST, CA, 92630
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $31.4M
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 | 127 | $31.4M | $413,422 | $1.9M |
| 2023 | 155 | $29.8M | $430,291 | $2.0M |
| 2022 | 163 | $25.6M | $430,936 | $1.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $55,655 | — | $55,655 |
| CONCURRENT INVESTMENT ADVISORS, LLC | INVESTMENT ADVISORY | — | $20,000 | $20,000 |
| WITHUM | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CONCURRENT INVESTMENT ADVISORS, LLC — INVESTMENT ADVISORY
- WITHUM — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,655
- Estimated Expense Ratio: 0.241% 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 | $55,656 | — | $55,656 | — | — |
| 2023 | $51,023 | — | $51,023 | — | — |
| 2022 | $60,960 | — | $60,960 | — | — |