Plan Snapshot
- Plan Sponsor: American Insurance Acquisition, INC.
- Sponsor EIN: 273539769
- Sponsor Address: 150 NORTHWEST POINT BLVD., ELK GROVE VILLAGE, IL, 60007
- Plan Type: 401(k)
- Total Participants: 35
- Total Assets: $12.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 35 | $12.8M | $0 | $256,080 |
| 2022 | 41 | $12.7M | $0 | $396,662 |
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 |
|---|---|---|---|---|
| WARADY & DAVIS LLP | Auditor | $24,000 | — | $24,000 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $11,546 | — | $11,546 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARADY & DAVIS LLP — Auditor
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,546
- Estimated Expense Ratio: 0.279% 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 |
|---|---|---|---|---|---|
| 2023 | $18,836 | $5,773 | — | $12,000 | — |
| 2022 | $18,598 | $5,410 | — | — | — |