Plan Snapshot
- Plan Sponsor: Growmark, INC.
- Sponsor EIN: 370815318
- Sponsor Address: 1705 TOWANDA AVE, BLOOMINGTON, IL, 627022500
- Plan Type: 401(k)
- Total Participants: 2,276
- Total Assets: $286.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 2,276 | $286.4M | $1.7M | $14.2M |
| 2023 | 2,180 | $250.3M | $1.7M | $13.9M |
| 2022 | 2,275 | $215.5M | $1.7M | $13.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $164,730 | — | $164,730 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $123,011 | — | $123,011 |
| MARQUETTE ASSOCIATES | CONSULTANT | $42,889 | — | $42,889 |
| RUBINBROWN, LLP | ACCOUNTANT/AUDITOR | $19,460 | — | $19,460 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- RUBINBROWN, LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $350,090
- Estimated Expense Ratio: 0.122% 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 | $350,090 | $123,011 | $3,300 | $19,460 | — |
| 2023 | $335,202 | $119,198 | $1,500 | $18,941 | — |
| 2022 | $374,896 | $113,167 | — | — | — |