Plan Snapshot
- Plan Sponsor: Growmark, INC.
- Sponsor EIN: 370815318
- Sponsor Address: 1705 TOWANDA AVE, BLOOMINGTON, IL, 61701
- Plan Type: 401(k)
- Total Participants: 7,534
- Total Assets: $474.9M
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 | 7,534 | $474.9M | $5.6M | $28.9M |
| 2023 | 7,332 | $408.4M | $5.8M | $26.6M |
| 2022 | 7,055 | $336.8M | $4.7M | $24.7M |
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 | $509,672 | — | $509,672 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $215,768 | — | $215,768 |
| MARQUETTE ASSOCIATES | CONSULTANT | $68,375 | — | $68,375 |
| RUBINBROWN LLP | ACCOUNTANT/AUDITOR | $35,198 | — | $35,198 |
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: $829,013
- Estimated Expense Ratio: 0.175% 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 | $829,009 | $215,768 | $3,000 | $35,198 | — |
| 2023 | $768,116 | $199,671 | $2,100 | $33,366 | — |
| 2022 | $773,346 | $182,374 | — | — | — |