Plan Snapshot
- Plan Sponsor: Foran Glennon Palandech & Ponzi, PC
- Sponsor EIN: 364461943
- Sponsor Address: 222 N. LASALLE STREET, CHICAGO, IL, 60601
- Plan Type: 401(k)
- Total Participants: 103
- Total Assets: $27.1M
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 | 103 | $27.1M | $1.0M | $991,596 |
| 2023 | 102 | $24.7M | $843,689 | $1.0M |
| 2022 | 84 | $23.2M | $844,260 | $834,774 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | INV ADV PLAN | $22,370 | — | $22,370 |
| EMPOWER ANNUITY INS. CO OF AMERICA | INV MGT, RECORDKEEPER | $21,970 | — | $21,970 |
| CARNOW AND ASSOCIATED LTD | TPA | $1,696 | $10,000 | $11,696 |
| SASSETTI LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — INV ADV PLAN
- SASSETTI LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,036
- Estimated Expense Ratio: 0.207% 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 | $46,037 | — | — | — | — |
| 2023 | $7,906 | — | — | — | — |
| 2022 | $2,722 | — | — | — | — |