# Ivek Corporation 401(k) Plan
Source: https://planprovider.pro/companies/ivek-corporation-401k-plan

> Ivek Corporation's 401(k) plan: 94 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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