Plan Snapshot
- Plan Sponsor: Sips Consults Corp
- Sponsor EIN: 320309930
- Sponsor Address: 4011 SHILLING WAY, DALLAS, TX, 75237
- Plan Type: 401(k)
- Total Participants: 83
- Total Assets: $623,754
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 | 83 | $623,754 | $41,361 | $87,115 |
| 2023 | 73 | $561,121 | $13,561 | $38,515 |
| 2022 | 131 | $543,087 | $47,838 | $133,063 |
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 |
|---|---|---|---|---|
| IBARRA & ASSOCIATES,PC | 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 | $3,370 | $3,370 | — | — | — |
| 2023 | $862 | $862 | — | — | — |
| 2022 | — | — | — | — | — |