Plan Snapshot
- Plan Sponsor: Inland Marine Service, INC.
- Sponsor EIN: 611077485
- Sponsor Address: 1700 PETERSBURG ROAD, HEBRON, KY, 41048
- Plan Type: 401(k)
- Total Participants: 187
- Total Assets: $5.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 187 | $5.5M | $0 | $301,481 |
| 2022 | 268 | $6.5M | $135,614 | $358,715 |
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 INSURANCE & ANNUITY | Other Service Provider | $30,906 | — | $30,906 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $21,160 | — | $21,160 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,066
- Estimated Expense Ratio: 0.953% 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 |
|---|---|---|---|---|---|
| 2023 | $26,033 | — | $14,753 | — | — |
| 2022 | $32,530 | — | $32,530 | — | — |