Plan Snapshot
- Plan Sponsor: Impact Electronic Solutions, INC.
- Sponsor EIN: 352625436
- Sponsor Address: 5285 MEADOWS ROAD, SUITE 161, LAKE OSWEGO, OR, 97035
- Plan Type: 401(k)
- Total Participants: 278
- Total Assets: $10.7M
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 | 278 | $10.7M | $406,959 | $1.0M |
| 2023 | 375 | $9.1M | $102,440 | $229,415 |
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 |
|---|---|---|---|---|
| FORTIS FINANCIAL PARTNERS | Investment Advisor | $38,391 | — | $38,391 |
| ASCENSUS | Recordkeeper | $27,151 | — | $27,151 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,542
- Estimated Expense Ratio: 0.614% 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 | $68,623 | $38,390 | $6,135 | — | — |
| 2023 | — | — | — | — | — |