Plan Snapshot
- Plan Sponsor: Inoac Usa, INC.
- Sponsor EIN: 133355311
- Sponsor Address: 901 1/2 NUTTER DRIVE, BARDSTOWN, KY, 40004
- Plan Type: 401(k)
- Total Participants: 1,145
- Total Assets: $89.2M
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 | 1,145 | $89.2M | $1.7M | $4.0M |
| 2023 | 622 | $31.2M | $893,035 | $2.2M |
| 2022 | 476 | $25.3M | $678,397 | $1.9M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $148,606 | — | $148,606 |
| WITHUM SMITH BROWN | NONE | $21,736 | — | $21,736 |
| WITHUMSMITH & BROWN, PC | Auditor | $21,736 | — | $21,736 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH & BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $192,078
- Estimated Expense Ratio: 0.215% 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 | $170,342 | — | $148,606 | $21,736 | — |
| 2023 | $117,209 | — | $96,513 | $20,696 | — |
| 2022 | $99,703 | — | $99,703 | — | — |