Plan Snapshot
- Plan Sponsor: Ivan Smith Furniture Company, LLC
- Sponsor EIN: 721405735
- Sponsor Address: 5434 TECHNOLOGY DR., SHREVEPORT, LA, 71129
- Plan Type: 401(k)
- Total Participants: 541
- Total Assets: $11.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 541 | $11.5M | $0 | $569,503 |
| 2023 | 462 | $10.1M | $0 | $617,203 |
| 2022 | 468 | $8.6M | $0 | $683,250 |
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 |
|---|---|---|---|---|
| HEARD,MCELROY & VESTAL | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $85,746 | $23,590 | $1,360 | — | — |
| 2023 | $66,080 | — | — | — | — |
| 2022 | $50,297 | — | — | — | $50,297 |