Plan Snapshot
- Plan Sponsor: Compass Mortgage, INC.
- Sponsor EIN: 364322204
- Sponsor Address: 27755 DIEHL ROAD, SUITE 350, WARRENVILLE, IL, 60555
- Plan Type: 401(k)
- Total Participants: 137
- Total Assets: $16.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 137 | $16.7M | -$9,358 | $881,921 |
| 2023 | 137 | $15.3M | $115,487 | $1.0M |
| 2022 | 168 | $14.5M | $339,867 | $1.6M |
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 |
|---|---|---|---|---|
| BROWN WEALTH MANAGEMENT LLC | Investment Advisor | $55,855 | — | $55,855 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $24,872 | — | $24,872 |
| BLUE CHIP RETIREMENT PLANS, INC. | Other Service Provider | $5,700 | $10,000 | $15,700 |
| FLEXPATH STRATEGIES | Other Service Provider | $5,702 | — | $5,702 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,451 | — | $5,451 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,580
- Estimated Expense Ratio: 0.644% 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 | $99,577 | — | $99,577 | — | — |
| 2023 | $103,127 | — | $103,127 | — | — |
| 2022 | $88,337 | — | $88,337 | — | — |