Plan Snapshot
- Plan Sponsor: Ipc Systems, INC.
- Sponsor EIN: 300383566
- Sponsor Address: HARBORSIDE FINANCIAL CENTER,PLAZA10, JERSEY CITY, NJ, 07302
- Plan Type: 401(k)
- Total Participants: 356
- Total Assets: $126.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 356 | $126.0M | $863,140 | $5.4M |
| 2023 | 431 | $122.1M | $924,257 | $5.7M |
| 2022 | 420 | $101.0M | $825,921 | $4.9M |
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 | $81,986 | — | $81,986 |
| WEISBERG MOLE KRANTZ GOLDFARB LLP | ACCOUNTANT/AUDITOR | $54,350 | — | $54,350 |
| KESTRA INVESTMENT SERVICES LLC | ADVISOR | $17,500 | — | $17,500 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $13,254 | — | $13,254 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- KESTRA INVESTMENT SERVICES LLC — ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,090
- Estimated Expense Ratio: 0.133% 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 | $167,005 | $30,754 | — | — | — |
| 2023 | $108,905 | $79,918 | — | — | — |
| 2022 | $77,450 | $6,772 | — | — | — |