Plan Snapshot
- Plan Sponsor: Ivek Corporation
- Sponsor EIN: 030272922
- Sponsor Address: 10 FAIRBANKS ROAD, N. SPRINGFIELD, VT, 05150
- Plan Type: 401(k)
- Total Participants: 94
- Total Assets: $15.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 94 | $15.9M | $144,351 | $676,174 |
| 2023 | 119 | $15.6M | $142,447 | $681,622 |
| 2022 | 121 | $13.5M | $139,635 | $664,089 |
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 |
|---|---|---|---|---|
| VALMARK ADVISERS, INC | SERVICE PROVIDER | — | $23,842 | $23,842 |
| IVEK CORPORATION | SERVICE PROVIDER | $7,465 | — | $7,465 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $5,381 | — | $5,381 |
| GALLAGHER, FLYNN & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,688
- Estimated Expense Ratio: 0.230% 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 | $16,696 | $12,846 | $3,550 | — | — |
| 2023 | $18,024 | $9,422 | $2,050 | — | — |
| 2022 | $21,018 | — | — | — | — |