Plan Snapshot
- Plan Sponsor: Ifa Rotorion North America, LLC
- Sponsor EIN: 043590499
- Sponsor Address: 479 TRADE CENTER PARKWAY, SUMMERVILLE, SC, 29483
- Plan Type: 401(k)
- Total Participants: 482
- Total Assets: $15.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 482 | $15.7M | $671,451 | $1.1M |
| 2023 | 530 | $13.7M | $669,731 | $1.1M |
| 2022 | 559 | $12.2M | $862,124 | $1.4M |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS, LLC | Auditor | $29,400 | — | $29,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,400
- Estimated Expense Ratio: 0.187% 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 | $125,403 | — | — | $29,400 | — |
| 2023 | $96,543 | $9,445 | — | $23,875 | — |
| 2022 | $82,650 | — | — | — | $21,250 |