# Independence Realty Operating Partnership, LP 401(k) Plan
Source: https://planprovider.pro/companies/independence-realty-operating-partnership-lp-401k-plan

> Independence Realty Operating Partnership, LP's 401(k) plan: 865 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Independence Realty Operating Partnership, LP

- **Sponsor EIN:** 264567188

- **Sponsor Address:** 1835 MARKET STREET, PHILADELPHIA, PA, 19103

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

- **Total Participants:** 865

- **Total Assets:** $30.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|865|$30.2M|$1.5M|$2.9M|

| 2023|998|$25.6M|$1.5M|$2.7M|

| 2022|559|$12.2M|$798,067|$1.4M|

## 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|

| VOYA RETIREMENT ADVISORS, LLC|RECORDKEEPER|$15,291|—|$15,291|

| PA RETIREMENT SOLUTIONS, INC.|TPA|—|$13,155|$13,155|

| BAKER TILLY US LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [BAKER TILLY US LLP](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $28,446

- **Estimated Expense Ratio:** 0.094% 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|$62,802|$11,147|$47,105|—|—|

| 2023|$77,695|$5,908|$22,900|—|—|

| 2022|$23,960|$5,796|$18,164|—|—|

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