# Implus Footcare, LLC 401(k) Plan
Source: https://planprovider.pro/companies/implus-footcare-llc-401k-plan

> Implus Footcare, LLC's 401(k) plan: 361 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Implus Footcare, LLC

- **Sponsor EIN:** 562222037

- **Sponsor Address:** 2001 TW ALEXANDER DR, DURHAM, NC, 27709

- **Plan Type:** 401(k)

- **Total Participants:** 361

- **Total Assets:** $20.9M

## 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|361|$20.9M|$976,937|$1.9M|

| 2023|387|$17.5M|$727,204|$1.9M|

| 2022|389|$14.4M|$710,305|$1.9M|

## 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|

| THOMAS, JUDY, & TUCKER, P.A.|Auditor|$13,650|—|$13,650|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $13,650

- **Estimated Expense Ratio:** 0.065% 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|$107,717|$19,748|$74,319|$13,650|—|

| 2023|$77,674|$16,006|$52,668|$9,000|—|

| 2022|$86,507|$25,423|$61,084|—|—|

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