Plan Snapshot
- Plan Sponsor: Avma Life Trust, LLC
- Sponsor EIN: 842685033
- Sponsor Address: 1931 N. MEACHAM RD. STE 103, SCHAUMBURG, IL, 60173
- Plan Type: 401(k)
- Total Participants: 3,439
- Total Assets: $74.7M
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 | 3,439 | $74.7M | $5.5M | $11.5M |
| 2023 | 3,366 | $52.6M | $5.4M | $11.0M |
| 2022 | 2,934 | $32.1M | $3.7M | $7.7M |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INS | RECORD KEEPER | $335,911 | — | $335,911 |
| ADMIN. GROUP, LLC DBA TAG RESOURCES | RECORD KEEPER | $200,170 | — | $200,170 |
| TEMPLETON & COMPANY | AUDIT | $34,500 | — | $34,500 |
| ENVESTNET RETIREMENT SOLUTIONS LLC | INVESTMENT ADVISORY-PLAN | $24,958 | — | $24,958 |
| IPI WEALTH MANAGEMENT INC | INVESTMENT ADVISORY-PLAN | $5,919 | — | $5,919 |
| PROPARTNERS WEALTH LLC | INVESTMENT ADVISORY-PLAN | $5,652 | — | $5,652 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS — RECORD KEEPER
- ADMIN. GROUP, LLC DBA TAG RESOURCES — RECORD KEEPER
- TEMPLETON & COMPANY — AUDIT
- IPI WEALTH MANAGEMENT INC — INVESTMENT ADVISORY-PLAN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $607,110
- Estimated Expense Ratio: 0.813% 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 | $608,869 | $36,720 | — | $34,500 | — |
| 2023 | $511,737 | $23,462 | $480,275 | $8,000 | — |
| 2022 | $314,794 | — | $314,794 | — | — |