Plan Snapshot
- Plan Sponsor: Ima Life North America, INC.
- Sponsor EIN: 203265112
- Sponsor Address: 2175 MILITARY ROAD, TONAWANDA, NY, 141506001
- Plan Type: 401(k)
- Total Participants: 177
- Total Assets: $54.7M
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 | 177 | $54.7M | $1.4M | $1.7M |
| 2023 | 177 | $51.5M | $1.3M | $1.6M |
| 2022 | 161 | $48.2M | $1.2M | $1.5M |
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 |
|---|---|---|---|---|
| FREED MAXICK P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $84,365 | — | — | — | — |
| 2023 | $63,714 | $40,947 | — | — | — |
| 2022 | $77,872 | $76,696 | $1,176 | — | — |