# Island Employment Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/island-employment-services-llc-plan

> Island Employment Services, LLC's 401(k) plan: 302 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Island Employment Services, LLC

- **Sponsor EIN:** 271845845

- **Sponsor Address:** 30 WEST 57TH STREET, NEW YORK, NY, 10019

- **Plan Type:** 401(k)

- **Total Participants:** 302

- **Total Assets:** $120.8M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|302|$120.8M|$3.5M|$3.5M|

| 2023|310|$109.0M|$2.6M|$3.4M|

| 2022|303|$93.5M|$3.1M|$3.1M|

## 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|

| MERRILL LYNCH, PIERCE, FENNER AND S|RECORDKEEPER|$66,981|—|$66,981|

| MARCUM LLP|ACCOUNTANT|$42,640|—|$42,640|

| CBIZ CPA'S|Auditor|$42,640|—|$42,640|

| USI CONSULTING GROUP|CONSULTANTS|$21,500|—|$21,500|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $173,761

- **Estimated Expense Ratio:** 0.144% 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|$129,889|$21,500|—|$42,640|—|

| 2023|$153,839|$63,280|—|$32,240|—|

| 2022|$71,994|—|—|—|—|

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