Plan Snapshot
- Plan Sponsor: Akron Police Department Voluntary Employee Insurance Association
- Sponsor EIN: 341438839
- Sponsor Address: 2200 TRIPLETT BLVD, AKRON, OH, 44312
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 360
- Total Assets: $2.9M
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 | 360 | $2.9M | $0 | $53,048 |
| 2023 | 349 | $2.6M | $0 | $49,256 |
| 2022 | 344 | $2.4M | $0 | $49,631 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SRVCS | Investment Advisor | $15,270 | — | $15,270 |
| SIKICH CPA LLC | Auditor | $13,300 | — | $13,300 |
| GERALD FORNEY | Other Service Provider | $12,000 | — | $12,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,570
- Estimated Expense Ratio: 1.387% 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 | $41,822 | $15,270 | $13,252 | $13,300 | — |
| 2023 | $30,864 | $1,082 | $13,107 | $11,375 | — |
| 2022 | $27,398 | $2,115 | $9,075 | — | $14,250 |