Plan Snapshot
- Plan Sponsor: Backstop Solutions Group, LLC
- Sponsor EIN: 200199997
- Sponsor Address: 233 S WACKER DRIVE, CHICAGO, IL, 606066445
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2023 | 0 | $0 | $0 | $0 |
| 2022 | 207 | $15.2M | $624,359 | $1.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $35,360 | — | $35,360 |
| LOCKTON INVESTMENT ADVISORS, LLC | INVESTMENT ADVISORY | $16,056 | $6 | $16,062 |
| CREATIVE PLANNING, INC. | INVESTMENT ADVISORY | $14,578 | $3 | $14,581 |
| BRONSWICK BENJAMIN P.C | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LOCKTON INVESTMENT ADVISORS, LLC — INVESTMENT ADVISORY
- CREATIVE PLANNING, INC. — INVESTMENT ADVISORY
- BRONSWICK BENJAMIN P.C — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,003
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 |
|---|---|---|---|---|---|
| 2023 | $10,761 | $7,445 | $3,316 | — | — |
| 2022 | $65,994 | $30,633 | $35,361 | — | — |