Plan Snapshot
- Plan Sponsor: Innovim, LLC
- Sponsor EIN: 562304619
- Sponsor Address: 8403 COLESVILLE RD SUITE 1100, SILVER SPRING, MD, 20910
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $9.7M
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 | 109 | $9.7M | $386,772 | $599,234 |
| 2023 | 111 | $9.3M | $433,775 | $1.0M |
| 2022 | 151 | $8.9M | $44,057 | $778,164 |
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 |
|---|---|---|---|---|
| RYAN & WETMORE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RYAN & WETMORE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $60,168 | $23,072 | — | — | — |
| 2023 | $8,488 | — | — | — | — |
| 2022 | $3,907 | — | $1,247 | — | $2,660 |