Industrial Air Centers, Inc.401(k)

Name: Industrial Air Centers, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

INDUSTRIAL AIR CENTERS, INC. 401(K) RETIREMENT SAVINGS PLAN · JEFFERSONVILLE, IN · plan year 2023

Plan assets · 2023

Industrial Air Centers, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $0 across 0 participant accounts. See methodology for what Form 5500 does and doesn't capture.

In 2023, the employer put in $1.26 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$0
Participants with balances0
Active participants0
Employer contributions$570,406
Employee contributions$452,151
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$940,022
Plan auditUnmodified (clean) audit opinion
AuditorTBD

Administrative expenses, itemized · 2023

Recordkeeping & contract admin$41,998

Total administrative$41,998

Service providers · 20233

PRINCIPAL LIFE INSURANCE COMPANY · Claims processing · Loan processing$41,268

PRINCIPAL SECURITIES INC. · Other servicesindirect comp

WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

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Source: U.S. Department of Labor, Form 5500 series, EIN 611210375 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.