Plan Snapshot
- Plan Sponsor: Innovation Associates, INC.
- Sponsor EIN: 161240697
- Sponsor Address: 30 CHARLES STREET, BINGHAMTON, NY, 13905
- Plan Type: 401(k)
- Total Participants: 530
- Total Assets: $27.3M
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 | 530 | $27.3M | $1.1M | $3.7M |
| 2023 | 590 | $21.0M | $1.2M | $3.6M |
| 2022 | 571 | $13.8M | $888,067 | $2.9M |
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 |
|---|---|---|---|---|
| JOHNSON, LAUDER, & SAVIDGE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHNSON, LAUDER, & SAVIDGE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $46,122 | $36,000 | — | — | — |
| 2023 | $47,861 | $36,000 | — | — | — |
| 2022 | $61,576 | $39,000 | — | — | — |