Plan Snapshot
- Plan Sponsor: Automobile Mechanics' Local No. 701 Union And Industry Welfare
- Sponsor EIN: 362331071
- Sponsor Address: 361 S. FRONTAGE ROAD, BURR RIDGE, IL, 605276393
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 5,525
- Total Assets: $316.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,525 | $316.9M | $111.3M | $2.0M |
| 2023 | 5,569 | $276.5M | $107.8M | $2.4M |
| 2022 | 5,469 | $233.4M | $99.4M | $3.0M |
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 |
|---|---|---|---|---|
| PAYDHEALTH LLC | Other Service Provider | $1,117,405 | — | $1,117,405 |
| EMPIRX HEALTH | Other Service Provider | $1,104,867 | — | $1,104,867 |
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $995,008 | — | $995,008 |
| VALENZ CARE | Other Service Provider | $589,315 | — | $589,315 |
| EPLAN LLC | Other Service Provider | $392,615 | — | $392,615 |
| NATIONAL INVESTMENT SERVICES, INC | Other Service Provider | $291,930 | — | $291,930 |
| DELTA DENTAL OF ILLINOIS | Other Service Provider | $119,193 | $169,316 | $288,509 |
| JOHNSON & KROL, LLC | Other Service Provider | $173,958 | — | $173,958 |
| MORGAN, LEWIS & BOCKUS LLP | ERISA Attorney | $172,385 | — | $172,385 |
| LABOR FIRST, LLC | Other Service Provider | — | $138,316 | $138,316 |
| FOSTER & FOSTER INC. | Other Service Provider | $127,350 | — | $127,350 |
| BRIDGEWAY SOFTWARE SOLUTIONS | Other Service Provider | $120,712 | — | $120,712 |
| JEANINE EARTH-GILLUND | Recordkeeper | $113,189 | — | $113,189 |
| MACNELL ACCOUNTING AND CONSULTING L | Other Service Provider | $102,250 | — | $102,250 |
| ANNE PENNEY | Other Service Provider | $79,202 | — | $79,202 |
| TELADOC | Other Service Provider | $66,651 | — | $66,651 |
| ABSOLUTE SOLUTIONS LLC | Other Service Provider | $65,718 | — | $65,718 |
| KRISTINE BENDY | Other Service Provider | $65,433 | — | $65,433 |
| CALIBRE CPA GROUP PLLC | Auditor | $61,500 | — | $61,500 |
| KRISTIN LINK | Other Service Provider | $60,804 | — | $60,804 |
| OLD NATIONAL BANK | Other Service Provider | $40,840 | — | $40,840 |
| BUCK GLOBAL LLC | Other Service Provider | $40,186 | — | $40,186 |
| STRATEGIC CAPITAL INVEST ADVISORS | Other Service Provider | $39,600 | — | $39,600 |
| MELANIE MULHERON | Other Service Provider | $37,855 | — | $37,855 |
| LISA CONNER | Other Service Provider | $34,195 | — | $34,195 |
| NICOLE KERKSTRA | Other Service Provider | $31,548 | — | $31,548 |
| K-PLUS TECHNOLOGY SOLUTIONS | Other Service Provider | $14,250 | — | $14,250 |
| PROFESSIONAL BENEFIT ADMINISTRATORS | Other Service Provider | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN, LEWIS & BOCKUS LLP — ERISA Attorney
- CALIBRE CPA GROUP PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,373,091
- Estimated Expense Ratio: 2.011% 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 | $2,969,215 | $331,530 | — | $61,500 | — |
| 2023 | $2,971,356 | $274,671 | — | $58,500 | — |
| 2022 | $3,100,759 | $282,287 | — | — | $723,266 |