Plan Snapshot
- Plan Sponsor: Inovar Packaging Group, LLC
- Sponsor EIN: 202168560
- Sponsor Address: 9001 STERLING ST. SUITE 100, IRVING, TX, 75063
- Plan Type: 401(k)
- Total Participants: 743
- Total Assets: $40.3M
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 | 743 | $40.3M | $1.4M | $2.8M |
| 2023 | 358 | $21.5M | $943,868 | $1.7M |
| 2022 | 281 | $11.1M | $725,173 | $1.3M |
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 |
|---|---|---|---|---|
| RPA FINANCIAL, LLC | INVESTMENT/FINANCIAL ADVI | $129,171 | — | $129,171 |
| ADP, INC. | RECORD KEEPER | $21,577 | — | $21,577 |
| LANE GORMAN TRUBITT LLC | ACCOUNTANT | $20,000 | — | $20,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- LANE GORMAN TRUBITT LLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $170,748
- Estimated Expense Ratio: 0.424% 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 | $170,748 | $149,171 | — | — | — |
| 2023 | $52,214 | $40,949 | — | — | — |
| 2022 | $52,127 | — | — | — | — |