Plan Snapshot
- Plan Sponsor: Broadwind, INC.
- Sponsor EIN: 880409160
- Sponsor Address: 3240 S CENTRAL AVENUE, CICERO, IL, 608043939
- Plan Type: 401(k)
- Total Participants: 422
- Total Assets: $30.9M
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 | 422 | $30.9M | $1.2M | $2.3M |
| 2023 | 448 | $29.7M | $1.3M | $2.4M |
| 2022 | 498 | $23.1M | $1.3M | $2.3M |
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 | $177,878 | — | $177,878 |
| RAYMOND JAMES FIN SVCS ADVISORS | INVESTMENT ADVISORY | — | $47,174 | $47,174 |
| SASSETTI LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FIN SVCS ADVISORS — INVESTMENT ADVISORY
- SASSETTI LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $225,052
- Estimated Expense Ratio: 0.727% 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 | $177,890 | — | $177,890 | — | — |
| 2023 | $156,554 | — | $156,554 | — | — |
| 2022 | $132,882 | — | $132,882 | — | — |