Plan Snapshot
- Plan Sponsor: Innovize
- Sponsor EIN: 410945891
- Sponsor Address: 500 OAK GROVE PARKWAY, ST PAUL, MN, 55127
- Plan Type: 401(k)
- Total Participants: 368
- Total Assets: $20.2M
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 | 368 | $20.2M | $697,774 | $1.5M |
| 2023 | 288 | $19.1M | $296,476 | $1.5M |
| 2022 | 259 | $16.6M | $137,855 | $1.4M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $53,215 | — | $53,215 |
| CREATIVE PLANNING LLC | NONE | $45,710 | — | $45,710 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- CREATIVE PLANNING LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,925
- Estimated Expense Ratio: 0.490% 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 | $58,286 | $45,710 | $12,576 | — | — |
| 2023 | $21,612 | — | $21,612 | — | — |
| 2022 | $4,039 | — | $4,039 | — | — |