Plan Snapshot
- Plan Sponsor: Institute For Building Technology And Safety
- Sponsor EIN: 541963889
- Sponsor Address: 45207 RESEARCH PL, ASHBURN, VA, 20147
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $26.1M
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 | 153 | $26.1M | $648,766 | $887,303 |
| 2023 | 147 | $22.4M | $614,180 | $854,376 |
| 2022 | 152 | $18.0M | $632,621 | $833,520 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | NONE | $50,673 | — | $50,673 |
| AMERICAN UNITED LIFE INSURANCE CO | NONE | $2,053 | $23,944 | $25,997 |
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS — NONE
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,670
- Estimated Expense Ratio: 0.294% 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 | $51,976 | $50,673 | $1,303 | — | — |
| 2023 | $41,883 | $41,013 | $870 | — | — |
| 2022 | $188,072 | $92,727 | $2,927 | — | — |