Plan Snapshot
- Plan Sponsor: Armon, INC.
- Sponsor EIN: 362923248
- Sponsor Address: 2265 CARLSON DRIVE, NORTHBROOK, IL, 600626705
- Plan Type: 401(k)
- Total Participants: 464
- Total Assets: $34.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 464 | $34.4M | $587,792 | $2.1M |
| 2023 | 403 | $32.2M | $0 | $2.1M |
| 2022 | 337 | $28.2M | $537,576 | $2.0M |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS | Recordkeeper | — | $33,806 | $33,806 |
| FORVIS MAZARS | Auditor | $13,771 | — | $13,771 |
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $8,812 | $3,973 | $12,785 |
| WINTRUST INVESTMENTS LLC | Other Service Provider | — | $11,688 | $11,688 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $9,296 | — | $9,296 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS — Recordkeeper
- FORVIS MAZARS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,346
- Estimated Expense Ratio: 0.236% 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 | $31,879 | $23,329 | $7,100 | — | — |
| 2023 | $24,471 | $17,271 | $6,150 | — | — |
| 2022 | $22,006 | — | — | — | — |