# Innovative Systems, LLC 401(k) Plan
Source: https://planprovider.pro/companies/innovative-systems-llc-401k-plan

> Innovative Systems, LLC's 401(k) plan: 202 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/trustage) — NONE

- [ELO PROF LLC](https://planprovider.pro/provider/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|—|—|

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