Plan Snapshot
- Plan Sponsor: Interfaith Works, INC.
- Sponsor EIN: 521072684
- Sponsor Address: 981 ROLLINS AVE, ROCKVILLE, MD, 20852
- Plan Type: DC
- Total Participants: 65
- Total Assets: $1.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 65 | $1.2M | $27,764 | $110,423 |
| 2023 | 68 | $1.3M | $25,849 | $109,088 |
| 2022 | 136 | $0 | $25,324 | $123,753 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $5,695 | — | $5,695 |
| MERRILL LYNCH RETIREMENT & BENEFIT | Other Service Provider | $5,443 | — | $5,443 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,138
- Estimated Expense Ratio: 0.908% 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 | $9,515 | $5,443 | $4,072 | — | — |
| 2023 | $9,362 | $5,480 | $3,882 | — | — |
| 2022 | — | — | — | — | — |