Plan Snapshot
- Plan Sponsor: Innovation First International, INC.
- Sponsor EIN: 271530354
- Sponsor Address: 6725 W. FM 1570, GREENVILLE, TX, 75402
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 234
- Total Assets: $31.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 234 | $31.2M | $0 | $0 |
| 2024 | 177 | $25.2M | $510,343 | $1.2M |
| 2023 | 156 | $20.8M | $495,779 | $1.1M |
| 2022 | 192 | $17.3M | $502,282 | $1.1M |
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 |
|---|---|---|---|---|
| WORLD INVESTMENT ADVISORS, LLC | Investment Advisor | $23,500 | — | $23,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,500
- Estimated Expense Ratio: 0.075% 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 | $832,411 | $3,780 | — | — | — |
| 2024 | $5,751 | $3,988 | — | — | — |
| 2023 | $6,284 | $3,953 | — | — | — |
| 2022 | $4,676 | $2,751 | — | — | — |