Plan Snapshot
- Plan Sponsor: Freedom Solutions Group LLC
- Sponsor EIN: 364156327
- Sponsor Address: 625 WEST ADAMS STREET, CHICAGO, IL, 60661
- Plan Type: 401(k)
- Total Participants: 400
- Total Assets: $42.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 400 | $42.7M | $2.2M | $4.1M |
| 2023 | 331 | $35.7M | $2.0M | $3.7M |
| 2022 | 304 | $23.6M | $1.6M | $3.2M |
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 |
|---|---|---|---|---|
| JOHNSON O'CONNOR FERON &CARUCCI LLP | Auditor | — | — | $0 |
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 | $127,673 | $60,572 | $67,101 | — | — |
| 2023 | $133,449 | — | $133,449 | — | — |
| 2022 | $112,985 | — | — | — | $112,985 |