# Innovim, LLC 401(k) Plan
Source: https://planprovider.pro/companies/innovim-llc-401k-plan

> Innovim, LLC's 401(k) plan: 109 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/ryan-and-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|

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