Plan Snapshot
- Plan Sponsor: Avalign Technologies, INC.
- Sponsor EIN: 208145355
- Sponsor Address: 10275 W. HIGGINS RD, ROSEMONT, IL, 60018
- Plan Type: 401(k)
- Total Participants: 911
- Total Assets: $53.6M
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 | 911 | $53.6M | $3.0M | $5.1M |
| 2023 | 1,170 | $47.7M | $2.9M | $4.8M |
| 2022 | 1,130 | $37.6M | $2.6M | $4.4M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $83,846 | — | $83,846 |
| ALERA INVESTMENT ADVISORS, LLC | NONE | $69,015 | — | $69,015 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- ALERA INVESTMENT ADVISORS, LLC — NONE
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,861
- Estimated Expense Ratio: 0.285% 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 | $117,031 | $69,015 | $48,016 | — | — |
| 2023 | $144,235 | — | $139,030 | $5,205 | — |
| 2022 | $121,600 | — | $121,600 | — | — |