Plan Snapshot
- Plan Sponsor: Investment Corporation Of Palm Beach
- Sponsor EIN: 591318711
- Sponsor Address: 1111 NORTH CONGRESS AVE, WEST PALM BEACH, FL, 33409
- Plan Type: 401(k)
- Total Participants: 342
- Total Assets: $13.9M
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 | 342 | $13.9M | $99,047 | $771,577 |
| 2023 | 336 | $12.4M | $269,710 | $848,691 |
| 2022 | 318 | $11.5M | $279,043 | $884,840 |
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 |
|---|---|---|---|---|
| MCSOLEY MCMOY & CO | 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 | $48,878 | $33,390 | — | — | — |
| 2023 | $44,505 | — | $44,505 | — | — |
| 2022 | $55,299 | — | $55,299 | — | — |