Plan Snapshot
- Plan Sponsor: Iqnavigator, INC.
- Sponsor EIN: 841499697
- Sponsor Address: 5011 GATE PARKWAY BLD 100 STE 250, JACKSONVILLE, FL, 32256
- Plan Type: 401(k)
- Total Participants: 400
- Total Assets: $59.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 400 | $59.6M | $428,179 | $4.2M |
| 2023 | 387 | $49.6M | $1.2M | $4.3M |
| 2022 | 458 | $39.2M | $1.3M | $4.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $130,440 | — | $130,440 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $130,440
- Estimated Expense Ratio: 0.219% 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 | $130,440 | — | $130,440 | — | — |
| 2023 | $108,986 | — | $108,986 | — | — |
| 2022 | $90,581 | — | $90,581 | — | — |