Plan Snapshot
- Plan Sponsor: Independence Plus, INC.
- Sponsor EIN: 363641612
- Sponsor Address: 800 JORIE BLVD, SUITE 100, OAK BROOK, IL, 60523
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $6.5M
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 | 175 | $6.5M | $7,082 | $554,277 |
| 2023 | 279 | $6.6M | $204,213 | $668,779 |
| 2022 | 284 | $5.3M | $188,448 | $629,657 |
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 |
|---|---|---|---|---|
| DHJJ, LTD | 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 | $62,407 | $25,539 | $29,725 | — | — |
| 2023 | $56,675 | $22,929 | $28,571 | — | — |
| 2022 | $50,726 | $20,015 | $27,578 | — | $3,133 |