# Innovative Therapy Concepts, LLC 401(k) Plan
Source: https://planprovider.pro/companies/innovative-therapy-concepts-llc-401k-plan

> Innovative Therapy Concepts, LLC's 401(k) plan: 498 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/northwestern-mutual) — INVESTMENT ADVISORY-PLAN

- [TRANSAMERICA RETIREMENT SOLUTIONS](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

- [FUTUREPLAN BY ASCENSUS](https://planprovider.pro/provider/ascensus-llc) — 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|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/innovative-therapy-concepts-llc-401k-plan)

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