Plan Snapshot
- Plan Sponsor: Collins Engineers, INC.
- Sponsor EIN: 363030616
- Sponsor Address: 550 WEST JACKSON BOULEVARD, SUITE 1, CHICAGO, IL, 60661
- Plan Type: 401(k)
- Total Participants: 382
- Total Assets: $49.5M
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 | 382 | $49.5M | $530,553 | $3.3M |
| 2023 | 343 | $42.1M | $598,969 | $3.3M |
| 2022 | 317 | $32.3M | $296,658 | $2.7M |
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 O | RECORDKEEPER | $67,622 | — | $67,622 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $11,396 | — | $11,396 |
| THE JPF, LTD GROUP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,018
- Estimated Expense Ratio: 0.160% 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 | $79,018 | $11,396 | — | — | — |
| 2023 | $59,329 | $7,720 | — | — | — |
| 2022 | $61,339 | — | $61,339 | — | — |