Plan Snapshot
- Plan Sponsor: Iqe, INC.
- Sponsor EIN: 232566613
- Sponsor Address: 494 GALLIMORE DARIY ROAD, GREENSBORO, NC, 18015
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $40.6M
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 | 132 | $40.6M | $379,514 | $1.3M |
| 2023 | 158 | $39.9M | $474,818 | $1.6M |
| 2022 | 225 | $38.7M | $521,347 | $1.7M |
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 |
|---|---|---|---|---|
| RAYMOND JAMES | INVESTMENT ADVISOR | $79,171 | — | $79,171 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $39,075 | — | $39,075 |
| VERDEJA, DEARMAS, TRUJILLO & ALVARE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VERDEJA, DEARMAS, TRUJILLO & ALVARE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,246
- Estimated Expense Ratio: 0.291% 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 | $122,907 | $83,832 | — | — | — |
| 2023 | $116,797 | $81,011 | — | — | — |
| 2022 | $121,833 | — | $121,833 | — | — |