Plan Snapshot
- Plan Sponsor: It Works Marketing, INC.
- Sponsor EIN: 383593692
- Sponsor Address: 908 RIVERSIDE DRIVE, PALMETTO, FL, 34221
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 118
- Total Assets: $11.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 118 | $11.1M | $0 | $0 |
| 2024 | 111 | $11.4M | $0 | $886,347 |
| 2023 | 138 | $11.4M | $0 | $924,038 |
| 2022 | 135 | $9.9M | $0 | $920,626 |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS LLC | Investment Advisor | $29,117 | — | $29,117 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $21,960 | — | $21,960 |
| JOSEPH LINCK DBA LINCK LAW PLC | Other Service Provider | $6,300 | $5,000 | $11,300 |
| HALLOWELL 401K ASSURANCE LLC | Auditor | $11,250 | — | $11,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,627
- Estimated Expense Ratio: 0.664% 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 |
|---|---|---|---|---|---|
| 2025 | $2,788,121 | $29,117 | $6,300 | $11,250 | — |
| 2024 | $56,509 | $29,600 | $5,700 | — | — |
| 2023 | $55,220 | $26,047 | $5,200 | — | — |
| 2022 | $52,156 | $52,156 | — | — | — |