Plan Snapshot
- Plan Sponsor: Bag Makers, INC.
- Sponsor EIN: 363160284
- Sponsor Address: 6606 SOUTH UNION ROAD, UNION, IL, 60180
- Plan Type: 401(k)
- Total Participants: 331
- Total Assets: $16.7M
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 | 331 | $16.7M | $336,617 | $1.0M |
| 2023 | 334 | $14.8M | $298,031 | $931,025 |
| 2022 | 292 | $12.1M | $305,984 | $962,699 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $69,933 | — | $69,933 |
| SIKICH | CONSULTANT | $15,300 | — | $15,300 |
| SIKICH CPA LLC | Auditor | $15,300 | — | $15,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,533
- Estimated Expense Ratio: 0.604% 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 | $85,233 | — | — | $15,300 | — |
| 2023 | $67,089 | — | — | $14,150 | — |
| 2022 | $49,133 | — | — | — | — |