Plan Snapshot
- Plan Sponsor: Concentric Rockford INC.
- Sponsor EIN: 363262177
- Sponsor Address: 2222 15TH STREET, ROCKFORD, IL, 611047390
- Plan Type: DB
- Total Participants: 44
- Total Assets: $30.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 44 | $30.0M | $0 | $0 |
| 2023 | 52 | $31.9M | $1.9M | $0 |
| 2022 | 53 | $30.1M | $2.5M | $0 |
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 | $125,410 | — | $125,410 |
| PRINCIPAL SECURITIES INC | INVESTMENT ADVISORY | — | $44,251 | $44,251 |
| PRINCIPAL GLOBAL INVESTORS, LLC | INVESTMENT ADVISORY | $16,325 | — | $16,325 |
| SMITH & HOWARD, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $185,986
- Estimated Expense Ratio: 0.620% 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 | $272,005 | $16,325 | $125,410 | — | — |
| 2023 | $499,719 | $15,741 | $116,710 | — | — |
| 2022 | $373,143 | $16,433 | $116,710 | — | — |