Plan Snapshot
- Plan Sponsor: Innoflight, LLC
- Sponsor EIN: 562497723
- Sponsor Address: 5880 OBERLIN DRIVE, SUITE 300, SAN DIEGO, CA, 92121
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 228
- Total Assets: $19.2M
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. |
|---|---|---|---|---|
| 2025 | 228 | $19.2M | $0 | $0 |
| 2024 | 159 | $14.5M | $687,174 | $1.4M |
| 2023 | 118 | $11.2M | $1.3M | $1.0M |
| 2022 | 87 | $7.3M | $699,173 | $749,163 |
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 |
|---|---|---|---|---|
| INTEGRATED WEALTH CONCEPTS LLC | Other Service Provider | — | $39,763 | $39,763 |
| ACTUARIAL BENEFITS CORP | Recordkeeper | — | $7,409 | $7,409 |
| VOYA RETIREMENT ADVISORY, LLC | Investment Advisor | $6,685 | — | $6,685 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,857
- 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 |
|---|---|---|---|---|---|
| 2025 | $2,950,083 | — | $15,560 | — | — |
| 2024 | $10,554 | $5,204 | $5,000 | — | — |
| 2023 | $155,423 | — | — | — | — |
| 2022 | $213,239 | — | — | — | — |