Plan Snapshot
- Plan Sponsor: Institute For Healthcare Improvement
- Sponsor EIN: 383017223
- Sponsor Address: 53 STATE STREET, 19TH FLOOR, BOSTON, MA, 02109
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $30.7M
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 | 170 | $30.7M | $394,607 | $2.1M |
| 2023 | 183 | $27.3M | $421,267 | $2.0M |
| 2022 | 182 | $23.0M | $373,818 | $1.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $35,345 | — | $35,345 |
| LPL FINANCIAL LLC | Investment Advisor | $28,557 | — | $28,557 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $6,720 | — | $6,720 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- LPL FINANCIAL LLC — Investment Advisor
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,622
- Estimated Expense Ratio: 0.230% 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 | $70,622 | $35,277 | — | — | — |
| 2023 | $78,871 | $29,077 | — | $14,470 | — |
| 2022 | $66,302 | $2,781 | — | — | — |