Plan Snapshot
- Plan Sponsor: Ibe Enterprises, LLC
- Sponsor EIN: 814790668
- Sponsor Address: 18979 HALL RD, MACOMB, MI, 48044
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $13,657 | $194,811 |
| 2023 | 96 | $5.8M | $13,111 | $234,547 |
| 2022 | 103 | $5.6M | $14,261 | $244,675 |
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 |
|---|---|---|---|---|
| JAFFE TILCHIN INVESTMENT PARTNERS | Investment Advisor | $57,146 | — | $57,146 |
| MY BENEFITS, LLC | Other Service Provider | $11,634 | — | $11,634 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $9,426 | — | $9,426 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,206
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 | — | — | — | — | — |
| 2023 | $37,937 | — | $37,937 | — | — |
| 2022 | $61,015 | $61,015 | — | — | — |