Plan Snapshot
- Plan Sponsor: Ifco Systems Us, LLC
- Sponsor EIN: 593344620
- Sponsor Address: 3030 NORTH ROCKY POINT, TAMPA, FL, 33607
- Plan Type: 401(k)
- Total Participants: 569
- Total Assets: $18.6M
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 | 569 | $18.6M | $1.2M | $2.0M |
| 2023 | 486 | $15.7M | $946,534 | $1.5M |
| 2022 | 433 | $13.3M | $820,299 | $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 |
|---|---|---|---|---|
| NFP RETIREMENT INC | ADVISOR | $68,932 | — | $68,932 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $10,408 | — | $10,408 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $8,029 | — | $8,029 |
| ASSURANCE DIMENSIONS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- ASSURANCE DIMENSIONS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,369
- Estimated Expense Ratio: 0.470% 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 | $88,226 | $68,961 | — | — | — |
| 2023 | $44,224 | $60,524 | — | — | — |
| 2022 | $31,435 | $636 | — | — | — |