Plan Snapshot
- Plan Sponsor: Itac Alabama, LLC
- Sponsor EIN: 020678162
- Sponsor Address: 121 ILJI DRIVE, LUVERNE, AL, 36049
- Plan Type: 401(k)
- Total Participants: 312
- Total Assets: $6.0M
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 | 312 | $6.0M | $153,603 | $452,655 |
| 2023 | 335 | $5.5M | $165,732 | $539,923 |
| 2022 | 346 | $4.7M | $134,576 | $487,222 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO. | RECORDKEEPER | $27,192 | — | $27,192 |
| MERIDIAN WEALTH MANAGEMENT LLC | INVESTMENT ADVISOR | $21,433 | — | $21,433 |
| ASCENSUS HOLDING INC DBA FUTUREPLA | CONTRACT ADMIN | $13,245 | $5,358 | $18,603 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $5,948 | — | $5,948 |
| MCDANIEL & ASSOCIATES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCDANIEL & ASSOCIATES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,176
- Estimated Expense Ratio: 1.210% 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 | $66,734 | — | $66,734 | — | — |
| 2023 | $58,045 | — | $58,045 | — | — |
| 2022 | $54,188 | $54,188 | — | — | — |