Plan Snapshot
- Plan Sponsor: Velvet Ice Cream Company, INC.
- Sponsor EIN: 314446008
- Sponsor Address: 11324 MOUNT VERNON ROAD, UTICA, OH, 43080
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $3.8M
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 | 122 | $3.8M | $52,534 | $287,632 |
| 2023 | 145 | $3.2M | $52,806 | $297,764 |
| 2022 | 144 | $2.9M | $45,980 | $253,024 |
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 |
|---|---|---|---|---|
| WHALEN & COMPANY, CPA'S | 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 | $24,622 | — | — | — | — |
| 2023 | $23,975 | — | — | — | — |
| 2022 | $17,126 | — | — | — | — |