Plan Snapshot
- Plan Sponsor: Applied Systems, INC.
- Sponsor EIN: 205511045
- Sponsor Address: 200 APPLIED PARKWAY, UNIVERSITY PARK, IL, 60484
- Plan Type: 401(k)
- Total Participants: 1,704
- Total Assets: $225.8M
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. |
|---|---|---|---|---|
| 2024 | 1,704 | $225.8M | $3.4M | $15.9M |
| 2023 | 1,616 | $193.5M | $2.8M | $14.3M |
| 2022 | 1,639 | $161.5M | $2.3M | $11.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $210,202 | — | $210,202 |
| GALLAGHER BENEFIT SERVICES, INC. | NONE | $40,000 | — | $40,000 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $25,141 | — | $25,141 |
| SIKICH CPA LLC | NONE | $8,000 | — | $8,000 |
| SIKICH LLP | NONE | $8,000 | — | $8,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER BENEFIT SERVICES, INC. — NONE
- SIKICH CPA LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $291,343
- Estimated Expense Ratio: 0.129% 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 | $291,343 | $65,141 | — | $16,000 | — |
| 2023 | $235,633 | $13,223 | — | $45,275 | — |
| 2022 | $212,172 | $20,000 | $61,305 | — | $10,600 |