# Bag Makers, INC. 401(k) Plan
Source: https://planprovider.pro/companies/bag-makers-inc-401k-plan

> Bag Makers, INC.'s 401(k) plan: 331 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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