Plan Snapshot
- Plan Sponsor: Ideal Concepts, INC.
- Sponsor EIN: 208301096
- Sponsor Address: 842 HAMILTON ST, ALLENTOWN, PA, 18101
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $4.9M
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 | 178 | $4.9M | $286,200 | $435,881 |
| 2023 | 152 | $4.0M | $160,713 | $477,611 |
| 2022 | 392 | $3.4M | $356,441 | $708,999 |
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 |
|---|---|---|---|---|
| THE GATTUSSO GROUP, INC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $41,695 | $187 | $41,508 | — | — |
| 2023 | $61,625 | $98 | $61,527 | — | — |
| 2022 | $30,987 | $21 | $30,966 | — | — |