Plan Snapshot
- Plan Sponsor: Independent Financial Group, LLC
- Sponsor EIN: 710927304
- Sponsor Address: 12671 HIGH BLUFF DRIVE, SUITE, SAN DIEGO, CA, 92130
- Plan Type: 401(k)
- Total Participants: 93
- Total Assets: $9.4M
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 | 93 | $9.4M | $381,747 | $795,311 |
| 2023 | 122 | $8.3M | $380,911 | $815,279 |
| 2022 | 110 | $7.0M | $270,219 | $634,057 |
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 |
|---|---|---|---|---|
| INDEPENDENT FINL GROUP | NONE | $26,250 | — | $26,250 |
| IFG LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,250
- Estimated Expense Ratio: 0.280% 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 | $28,575 | $26,250 | $2,325 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |