Plan Snapshot
- Plan Sponsor: Innovative Therapy Concepts, LLC
- Sponsor EIN: 208002399
- Sponsor Address: 2 MASHBURN STREET, HAWKINSVILLE, GA, 31036
- Plan Type: 401(k)
- Total Participants: 498
- Total Assets: $19.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 498 | $19.4M | $1.0M | $1.7M |
| 2023 | 448 | $16.8M | $915,307 | $1.6M |
| 2022 | 434 | $12.5M | $755,197 | $1.3M |
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MANAGEME | INVESTMENT ADVISORY-PLAN | $77,990 | — | $77,990 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $56,829 | — | $56,829 |
| FUTUREPLAN BY ASCENSUS | RECORDKEEPER | $25,788 | $21 | $25,809 |
| SEAY & WEISSINGER, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL WEALTH MANAGEME — INVESTMENT ADVISORY-PLAN
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- FUTUREPLAN BY ASCENSUS — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $160,628
- Estimated Expense Ratio: 0.829% 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 | $179,059 | — | $179,059 | — | — |
| 2023 | $134,963 | $63,856 | $65,150 | — | — |
| 2022 | $66,911 | $66,911 | — | — | — |