Plan Snapshot
- Plan Sponsor: Ivar'S, INC.
- Sponsor EIN: 911349316
- Sponsor Address: 1109 FIRST AVENUE, SUITE 350, SEATTLE, WA, 98101
- Plan Type: 401(k)
- Total Participants: 440
- Total Assets: $22.9M
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 | 440 | $22.9M | $145,629 | $958,699 |
| 2023 | 431 | $20.7M | $149,102 | $922,499 |
| 2022 | 376 | $17.2M | $143,144 | $804,164 |
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 |
|---|---|---|---|---|
| SMITH BUNDAY BERMAN BRITTON, PS | Auditor | $22,350 | — | $22,350 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,350
- Estimated Expense Ratio: 0.098% 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 | $91,680 | $4,500 | — | $22,350 | — |
| 2023 | $67,988 | — | — | — | — |
| 2022 | $87,613 | — | — | — | — |