# The Independence School, INC. 401(k) Plan
Source: https://planprovider.pro/companies/the-independence-school-inc-510225189-501

> The Independence School, INC.'s 401(k) plan: 68 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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