Plan Snapshot
- Plan Sponsor: Infrastructure Tech Services, INC.
- Sponsor EIN: 510439191
- Sponsor Address: 360 WOLFPACK LANE, YOUNGSVILLE, NC, 27596
- Plan Type: 401(k)
- Total Participants: 294
- Total Assets: $6.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 294 | $6.6M | $557,446 | $889,610 |
| 2023 | 279 | $5.1M | $499,393 | $807,512 |
| 2022 | 250 | $3.5M | $449,044 | $729,685 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Other Service Provider | $39,867 | — | $39,867 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | Other Service Provider | $12,500 | — | $12,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,367
- Estimated Expense Ratio: 0.796% 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 | $52,367 | $12,500 | $39,867 | — | — |
| 2023 | $33,047 | $2,500 | $30,547 | — | — |
| 2022 | $31,953 | $2,500 | $28,987 | — | $466 |