# Independencefirst 401(k) Plan
Source: https://planprovider.pro/companies/independencefirst-401k-plan

> Independencefirst's 401(k) plan: 1,048 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Independencefirst

- **Sponsor EIN:** 391343425

- **Sponsor Address:** 540 S 1ST ST, MILWAUKEE, WI, 532041605

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

- **Total Participants:** 1,048

- **Total Assets:** $17.5M

## 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:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,048|$17.5M|$502,937|$645,992|

| 2023|1,159|$16.2M|$532,456|$689,085|

| 2022|1,271|$14.3M|$556,559|$822,779|

## 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|

| MUTUAL OF AMERICA INVESTMENT CORP|RECORD KEEPER|$15,994|—|$15,994|

| RITZ HOLMAN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [RITZ HOLMAN LLP](https://planprovider.pro/provider/ritz-holman-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $15,994

- **Estimated Expense Ratio:** 0.091% 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|$16,012|—|—|—|—|

| 2023|$8,140|—|—|—|—|

| 2022|$9,976|—|—|—|—|

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