Plan Snapshot
- Plan Sponsor: Flex-N-Gate Royal Oak LLC
- Sponsor EIN: 201106950
- Sponsor Address: 502 E ANTHONY DRIVE, URBANA, IL, 61802
- Plan Type: 401(k)
- Total Participants: 250
- Total Assets: $6.5M
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 | 250 | $6.5M | $104,324 | $241,369 |
| 2023 | 255 | $6.2M | $99,044 | $222,942 |
| 2022 | 225 | $5.8M | $98,284 | $275,588 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $8,364 | — | $8,364 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | ADVISOR | $5,486 | — | $5,486 |
| CLIFTONLARSONALLEN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,850
- Estimated Expense Ratio: 0.212% 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 | $15,708 | $5,672 | $7,433 | — | — |
| 2023 | $15,518 | $5,486 | $6,804 | — | — |
| 2022 | $16,759 | $2,743 | $13,188 | — | $828 |