Plan Snapshot
- Plan Sponsor: Network Innovations Us INC.
- Sponsor EIN: 650709692
- Sponsor Address: 2115-2145 SW 2ND AVE, FORT LAUDERDALE, FL, 33315
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $12.0M
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 | 123 | $12.0M | $467,472 | $1.1M |
| 2023 | 121 | $9.6M | $428,077 | $952,781 |
| 2022 | 132 | $6.8M | $358,203 | $748,330 |
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 |
|---|---|---|---|---|
| KABAT SCHERTZER DE LA TORRE TARA | 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 | $53,708 | $25,998 | — | — | — |
| 2023 | $40,845 | $19,440 | — | — | — |
| 2022 | $29,123 | — | — | — | — |