# Independence Mission Schools 401(k) Plan
Source: https://planprovider.pro/companies/independence-mission-schools-401k-plan

> Independence Mission Schools's 401(k) plan: 421 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Independence Mission Schools

- **Sponsor EIN:** 454720688

- **Sponsor Address:** 120 SOUTH WARNER ROAD, KING OF PRUSSIA, PA, 19406

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

- **Total Participants:** 421

- **Total Assets:** $7.4M

## 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|421|$7.4M|$396,503|$419,163|

| 2023|438|$6.9M|$361,225|$408,534|

| 2022|447|$5.6M|$345,978|$383,619|

## 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|

| GERRY MILETICS|INVESTMENT MANAGER|$25,818|—|$25,818|

| NORTHEAST FINANCIAL GROUP|INVESTMENT MANAGER|$8,793|—|$8,793|

| PENSERV|RECORKEEPER|$6,123|—|$6,123|

| NOVAK FRANCELLA LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [NOVAK FRANCELLA LLC](https://planprovider.pro/provider/novak-francella-llc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $40,734

- **Estimated Expense Ratio:** 0.550% 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|$40,734|$34,611|$6,123|—|—|

| 2023|$34,622|$30,543|$4,079|—|—|

| 2022|$31,641|$28,298|$3,343|—|—|

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