Plan Snapshot
- Plan Sponsor: Innovative Systems, LLC
- Sponsor EIN: 411920375
- Sponsor Address: 1000 INNOVATIVE DRIVE, MITCHELL, SD, 57301
- Plan Type: 401(k)
- Total Participants: 202
- Total Assets: $46.5M
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 | 202 | $46.5M | $338,027 | $1.9M |
| 2023 | 195 | $41.3M | $327,484 | $1.8M |
| 2022 | 194 | $35.2M | $315,180 | $1.6M |
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 |
|---|---|---|---|---|
| OSAIC WEALTH, INC. | NONE | $49,417 | — | $49,417 |
| CPI QUALIFIED PLAN CONSULTANTS, INC | NONE | $40,784 | — | $40,784 |
| ELO PROF LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CPI QUALIFIED PLAN CONSULTANTS, INC — NONE
- ELO PROF LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,201
- Estimated Expense Ratio: 0.194% 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 | $90,201 | $49,417 | $4,633 | — | — |
| 2023 | $85,241 | $46,284 | $4,154 | — | — |
| 2022 | $84,921 | $43,469 | $41,452 | — | — |