Plan Snapshot
- Plan Sponsor: Bbs Automation Chicago, INC.
- Sponsor EIN: 203893653
- Sponsor Address: 1580 HECHT COURT, BARTLETT, IL, 60103
- Plan Type: 401(k)
- Total Participants: 94
- Total Assets: $15.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 94 | $15.3M | $244,949 | $753,495 |
| 2023 | 100 | $10.9M | $180,736 | $610,355 |
| 2022 | 78 | $8.9M | $133,695 | $481,481 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $52,202 | — | $52,202 |
| BRICKWORK FINANCIAL PLANNING | NONE | $17,056 | — | $17,056 |
| HOWARD SIMON & ASSOCIATES | NONE | $9,247 | — | $9,247 |
| WELLTH ADVISORY SERVICES LLC | NONE | $7,156 | — | $7,156 |
| RODL LANGFORD DE KOCK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,661
- Estimated Expense Ratio: 0.561% 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 | $85,680 | — | $85,680 | — | — |
| 2023 | $77,357 | $24,297 | $7,628 | — | — |
| 2022 | $71,266 | $22,295 | $41,679 | — | $7,292 |