Plan Snapshot
- Plan Sponsor: Familia Development, LLC
- Sponsor EIN: 272128286
- Sponsor Address: 2050 E ALGONQUIN, SCHAUMBURG, IL, 60173
- Plan Type: 401(k)
- Total Participants: 564
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 564 | $6.1M | $251,188 | $1.7M |
| 2023 | 481 | $4.4M | $308,543 | $1.6M |
| 2022 | 1,074 | $2.5M | $0 | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $63,516 | — | $63,516 |
| ORENDA RETIREMENT, LLC | Recordkeeper | $37,369 | $2,454 | $39,823 |
| RAYMOND JAMES & ASSOCIATES | Investment Advisor | — | $12,009 | $12,009 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES & ASSOCIATES — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,348
- Estimated Expense Ratio: 1.904% 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 | $100,857 | — | $100,857 | — | — |
| 2023 | $71,704 | — | $71,704 | — | — |
| 2022 | $47,205 | — | $47,205 | — | — |