Plan Snapshot
- Plan Sponsor: Alsip Minimill, LLC
- Sponsor EIN: 320455796
- Sponsor Address: 5043 W. 67TH STREET, BEDFORD PARK, IL, 60638
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $13.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 130 | $13.6M | $754,024 | $1.1M |
| 2023 | 125 | $11.3M | $757,009 | $1.1M |
| 2022 | 125 | $9.4M | $715,630 | $1.0M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $27,011 | $19 | $27,030 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $21,830 | — | $21,830 |
| DIGIOVINE HNILO JORDON AND JOHNSON | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,860
- Estimated Expense Ratio: 0.358% 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 | $48,842 | $10,804 | $21,830 | — | — |
| 2023 | $52,834 | $8,688 | $30,822 | — | — |
| 2022 | $47,888 | $8,453 | $27,544 | — | $11,891 |