Plan Snapshot
- Plan Sponsor: Ideal Innovations Incorporated
- Sponsor EIN: 383391089
- Sponsor Address: 4401 WILSON BLVD., ARLINGTON, VA, 22203
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $26.1M
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 | 181 | $26.1M | $272,132 | $1.0M |
| 2023 | 152 | $22.9M | $259,342 | $973,234 |
| 2022 | 149 | $19.4M | $263,213 | $952,629 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $34,419 | — | $34,419 |
| KESTRA INVESTMENT SERVICES LLC | ADVISOR | $18,000 | — | $18,000 |
| SC&H ATTEST SERVICES, P.C. | ACCOUNTANT/AUDITOR | $16,000 | — | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- KESTRA INVESTMENT SERVICES LLC — ADVISOR
- SC&H ATTEST SERVICES, P.C. — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,419
- Estimated Expense Ratio: 0.262% 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 | $68,419 | $18,000 | — | $16,000 | — |
| 2023 | $60,632 | $18,000 | — | $14,850 | — |
| 2022 | $61,852 | — | — | — | — |