Plan Snapshot
- Plan Sponsor: The Independence School, INC.
- Sponsor EIN: 510225189
- Sponsor Address: 1300 PAPER MILL ROAD, NEWARK, DE, 197113408
- Plan Type: 403(b)
- Total Participants: 121
- Total Assets: $22.7M
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 | 121 | $22.7M | $244,838 | $413,290 |
| 2023 | 123 | $21.4M | $191,278 | $407,092 |
| 2022 | 94 | $18.9M | $182,296 | $364,637 |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP | RECORDKEEPER | $41,098 | — | $41,098 |
| TIAA | RECORDKEEPER | $37,510 | — | $37,510 |
| BELFINT, LYONS, & SHUMAN, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — RECORDKEEPER
- BELFINT, LYONS, & SHUMAN, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,608
- Estimated Expense Ratio: 0.346% 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 | $79,608 | $1,000 | $78,608 | — | — |
| 2023 | $35,642 | $35,642 | — | — | — |
| 2022 | $33,696 | — | — | — | $33,696 |