# Applied Systems, INC. 401(k) Plan
Source: https://planprovider.pro/companies/applied-systems-inc-401k-plan-001

> Applied Systems, INC.&#39;s 401(k) plan: 1,704 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — NONE

- [SIKICH CPA LLC](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/applied-systems-inc-401k-plan-001)

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