Plan Snapshot
- Plan Sponsor: Installed Building Solutions Ii,LLC
- Sponsor EIN: 472059204
- Sponsor Address: 21025 EDMONTON AVENUE, FARMINGTON, MN, 55024
- Plan Type: 401(k)
- Total Participants: 261
- Total Assets: $11.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 261 | $11.4M | $528,872 | $924,219 |
| 2023 | 305 | $9.4M | $470,422 | $875,624 |
| 2022 | 272 | $7.2M | $435,998 | $785,756 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $67,990 | $112 | $68,102 |
| USI ADVISORS,INC. | Other Service Provider | — | $42,366 | $42,366 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,468
- Estimated Expense Ratio: 0.970% 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 | $68,011 | $30 | $67,293 | — | — |
| 2023 | $51,611 | $4 | $51,007 | — | — |
| 2022 | $40,533 | — | — | — | — |