Plan Snapshot
- Plan Sponsor: Fusion Risk Management, INC
- Sponsor EIN: 204772630
- Sponsor Address: 2 N. RIVERSIDE PLAZA SUITE 1000, CHICAGO, IL, 60606
- Plan Type: 401(k)
- Total Participants: 226
- Total Assets: $24.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 226 | $24.0M | $1.3M | $2.6M |
| 2023 | 232 | $18.6M | $1.2M | $2.6M |
| 2022 | 233 | $13.4M | $1.1M | $2.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $42,946 | — | $42,946 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $32,765 | — | $32,765 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $17,823 | — | $17,823 |
| FGMK, LLC | Auditor | $6,864 | — | $6,864 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FGMK, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,398
- Estimated Expense Ratio: 0.418% 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 | $101,328 | $50,588 | — | $6,864 | — |
| 2023 | $44,172 | $13,299 | — | — | — |
| 2022 | $47,007 | $21,239 | $25,768 | — | — |