Plan Snapshot
- Plan Sponsor: Ideal People Services LLC
- Sponsor EIN: 882184875
- Sponsor Address: 12770 MERIT DRIVE, SUITE 850, DALLAS, TX, 75251
- Plan Type: 401(k)
- Total Participants: 1,282
- Total Assets: $15.1M
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 | 1,282 | $15.1M | $0 | $4.2M |
| 2023 | 1,236 | $11.2M | $0 | $3.6M |
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 |
|---|---|---|---|---|
| NOYES ADVISORS LLC | INVESTMENT/FINANCIAL ADVI | $49,823 | — | $49,823 |
| ADP, INC. | RECORD KEEPER | $43,913 | — | $43,913 |
| PRICEKUBECKA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- PRICEKUBECKA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,736
- Estimated Expense Ratio: 0.619% 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 | $93,737 | $49,824 | — | — | — |
| 2023 | $36,358 | — | — | — | — |