Plan Snapshot
- Plan Sponsor: Inverness Technologies, INC.
- Sponsor EIN: 542056535
- Sponsor Address: 7619 LITTLE RIVER TURNPIKE, ANNANDALE, VA, 22003
- Plan Type: 401(k)
- Total Participants: 11
- Total Assets: $4.8M
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 | 11 | $4.8M | $9,237 | $117,611 |
| 2023 | 11 | $4.8M | $57,554 | $548,867 |
| 2022 | 391 | $4.7M | $86,952 | $790,199 |
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 |
|---|---|---|---|---|
| KELLY AND COMPANY 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 | $44,625 | — | — | — | — |
| 2023 | $57,308 | — | — | — | — |
| 2022 | $19,158 | $19,158 | — | — | — |