Plan Snapshot
- Plan Sponsor: Ices, INC.
- Sponsor EIN: 470873083
- Sponsor Address: 35 ELM STREET, NAUGATUCK, CT, 06770
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 342
- Total Assets: $2.7M
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 | 342 | $2.7M | $110,000 | $451,985 |
| 2023 | 328 | $2.1M | $100,000 | $395,288 |
| 2022 | 417 | $1.7M | $100,000 | $308,011 |
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 | Recordkeeper | $49,380 | — | $49,380 |
| WELLS THOMAS, LLC | Recordkeeper | $22,691 | $389 | $23,080 |
| THE PATRIOT FINANCIAL GROUP, LLC | Investment Advisor | — | $9,513 | $9,513 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,973
- Estimated Expense Ratio: 3.080% 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 | $72,071 | — | $72,071 | — | — |
| 2023 | $55,810 | — | $55,810 | — | — |
| 2022 | $36,466 | — | $36,466 | — | — |