Plan Snapshot
- Plan Sponsor: The Independence School, INC.
- Sponsor EIN: 510225189
- Sponsor Address: 1300 PAPER MILL ROAD, NEWARK, DE, 197113408
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 68
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 68 | $0 | $0 | $0 |
| 2023 | 66 | $0 | $0 | $0 |
| 2022 | 63 | $0 | -$126,732 | $122,034 |
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 |
|---|---|---|---|---|
| IFS BENEFITS, LLC | Investment Advisor | $21,372 | — | $21,372 |
| THE BENECON GROUP, LLC | Investment Advisor | $17,273 | — | $17,273 |
| HIGHMARK OF DELAWARE | Other Service Provider | $14,285 | — | $14,285 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,930
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 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $41,433 | — | — | — | — |