# Inova Payroll, INC. 401(k) Plan
Source: https://planprovider.pro/companies/inova-payroll-inc-401k-plan

> Inova Payroll, INC.'s 401(k) plan: 258 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Inova Payroll, INC.

- **Sponsor EIN:** 275141646

- **Sponsor Address:** 636 GRASSMERE PARK, NASHVILLE, TN, 37211

- **Plan Type:** 401(k)

- **Total Participants:** 258

- **Total Assets:** $15.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|258|$15.7M|$443,849|$1.4M|

| 2023|251|$12.6M|$382,512|$1.3M|

| 2022|253|$9.6M|$276,111|$979,127|

## 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|

| BLANKENSHIP CPA GROUP|Auditor|$14,175|—|$14,175|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $14,175

- **Estimated Expense Ratio:** 0.090% 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|$114,442|$33,264|$2,570|$14,175|—|

| 2023|$75,725|$25,505|$2,250|—|—|

| 2022|$46,186|$15,580|$29,053|—|—|

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