Plan Snapshot
- Plan Sponsor: Certified Power, INC.
- Sponsor EIN: 411578510
- Sponsor Address: 970 CAMPUS DR., MUNDELEIN, IL, 60060
- Plan Type: 401(k)
- Total Participants: 579
- Total Assets: $48.4M
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 | 579 | $48.4M | $1.3M | $2.9M |
| 2022 | 366 | $35.3M | $831,427 | $2.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $280,672 | — | $280,672 |
| GLOBAL RETIREMENT PARNTERS LLC | NONE | $108,000 | — | $108,000 |
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $388,672
- Estimated Expense Ratio: 0.803% 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 |
|---|---|---|---|---|---|
| 2023 | $194,611 | $36,000 | $140,336 | — | — |
| 2022 | $138,712 | $36,012 | $101,972 | — | — |