# Institute For Building Technology And Safety 401(k) Plan
Source: https://planprovider.pro/companies/institute-for-building-technology-and-safety-401k-plan

> Institute For Building Technology And Safety's 401(k) plan: 153 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/global-retirement-partners-llc) — NONE

- [SIKICH CPA LLC](https://planprovider.pro/provider/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|—|—|

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