Plan Snapshot
- Plan Sponsor: Inventus Power
- Sponsor EIN: 273930731
- Sponsor Address: 1200 INTERNATIONALE PARKWAY, WOODRIDGE, IL, 60517
- Plan Type: 401(k)
- Total Participants: 155
- Total Assets: $35.3M
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 | 155 | $35.3M | $722,261 | $1.5M |
| 2023 | 161 | $30.7M | $949,403 | $1.8M |
| 2022 | 180 | $23.7M | $920,803 | $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 |
|---|---|---|---|---|
| ADDUCCI VEGA FINANCIAL GROUP LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $33,880 | $5,739 | — | — | — |
| 2023 | $34,948 | $4,518 | — | — | — |
| 2022 | $26,798 | $4,125 | — | — | — |