Plan Snapshot
- Plan Sponsor: Ford Square Of Mt. Vernon, Ltd.
- Sponsor EIN: 371178253
- Sponsor Address: 1501 BROADWAY, MT. VERNON, IL, 62864
- Plan Type: 401(k)
- Total Participants: 117
- Total Assets: $12.7M
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 | 117 | $12.7M | $295,616 | $608,091 |
| 2023 | 111 | $12.7M | $268,313 | $544,162 |
| 2022 | 101 | $10.8M | $260,801 | $533,923 |
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 |
|---|---|---|---|---|
| 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: $0
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 | $54,948 | $30,842 | $6,835 | — | — |
| 2023 | $50,720 | $28,878 | $5,670 | — | — |
| 2022 | $48,350 | $26,848 | $21,502 | — | — |