Plan Snapshot
- Plan Sponsor: Identisys Incorporated
- Sponsor EIN: 411938567
- Sponsor Address: 7630 COMMERCE WAY, EDEN PRAIRIE, MN, 55344
- Plan Type: 401(k)
- Total Participants: 147
- Total Assets: $15.9M
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 | 147 | $15.9M | $174,723 | $859,880 |
| 2023 | 125 | $14.5M | $174,872 | $764,607 |
| 2022 | 123 | $11.9M | $160,263 | $673,203 |
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 |
|---|---|---|---|---|
| EIDE BAILLY LLP | Auditor | $13,859 | — | $13,859 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,859
- Estimated Expense Ratio: 0.087% 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 | $65,918 | $21,797 | $30,262 | $13,859 | — |
| 2023 | $74,067 | $33,446 | $28,621 | $12,000 | — |
| 2022 | $47,071 | $25,667 | $21,404 | — | — |