Plan Snapshot
- Plan Sponsor: Iconma LLC
- Sponsor EIN: 383519215
- Sponsor Address: 850 STEPHENSON HWY STE 612, TROY, MI, 480831127
- Plan Type: 401(k)
- Total Participants: 1,190
- Total Assets: $8.1M
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 | 1,190 | $8.1M | $0 | $1.7M |
| 2023 | 1,381 | $7.2M | $0 | $1.6M |
| 2022 | 1,378 | $5.5M | $0 | $1.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER | INVESTMENT ADVISORY PLAN | $37,196 | — | $37,196 |
| PAYCHEX, INC. | RECORDKEEPER | $35,005 | — | $35,005 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,201
- Estimated Expense Ratio: 0.892% 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 | $72,201 | $37,196 | $35,005 | — | — |
| 2023 | $53,837 | $29,758 | $24,079 | — | — |
| 2022 | $42,752 | $26,005 | $16,747 | — | — |