Plan Snapshot
- Plan Sponsor: Issues Management, INC
- Sponsor EIN: 460398668
- Sponsor Address: 6009 S. SHARON AVENUE, SIOUX FALLS, SD, 57108
- Plan Type: 401(k)
- Total Participants: 509
- Total Assets: $5.9M
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 | 509 | $5.9M | $341,328 | $588,932 |
| 2023 | 439 | $4.8M | $319,112 | $590,966 |
| 2022 | 476 | $4.0M | $2,499 | $56,985 |
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 |
|---|---|---|---|---|
| CETERA INVESTMENT ADVISERS LLC | Investment Advisor | $25,175 | — | $25,175 |
| DEFINITI LLC | Other Service Provider | $18,143 | $2,516 | $20,659 |
| EMPOWER ADVISORY GROUP, LLC | Recordkeeper | $7,366 | — | $7,366 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,200
- Estimated Expense Ratio: 0.908% 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 | $65,925 | — | — | — | — |
| 2023 | $79,047 | $6,237 | $29,576 | — | — |
| 2022 | $766 | — | $766 | — | — |