Plan Snapshot
- Plan Sponsor: Hero Digital, LLC
- Sponsor EIN: 464821970
- Sponsor Address: 1 NORTH DEARBORN ST., CHICAGO, IL, 60602
- Plan Type: 401(k)
- Total Participants: 593
- Total Assets: $34.7M
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 | 593 | $34.7M | $779,836 | $3.4M |
| 2023 | 236 | $22.9M | $618,980 | $3.3M |
| 2022 | 306 | $19.5M | $974,162 | $4.0M |
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 |
|---|---|---|---|---|
| FOREST CAPITAL MANAGEMENT LLC | Investment Advisor | $59,397 | — | $59,397 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $49,831 | — | $49,831 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $9,109 | — | $9,109 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,337
- Estimated Expense Ratio: 0.341% 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 | $118,337 | $54,032 | — | — | — |
| 2023 | $102,932 | $65,910 | $300 | — | — |
| 2022 | $97,634 | $2,210 | — | — | — |