Plan Snapshot
- Plan Sponsor: Hormann LLC
- Sponsor EIN: 204330294
- Sponsor Address: 5050 BASELINE ROAD, MONTGOMERY, IL, 605381125
- Plan Type: 401(k)
- Total Participants: 695
- Total Assets: $29.0M
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 | 695 | $29.0M | $1.1M | $2.5M |
| 2023 | 625 | $24.1M | $1.0M | $2.3M |
| 2022 | 284 | $10.9M | $538,344 | $1.1M |
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 |
|---|---|---|---|---|
| ALLIANCE PENSION CONSULTANTS | Recordkeeper | $54,137 | — | $54,137 |
| FSC SECURITIES CORP | Investment Advisor | $27,862 | — | $27,862 |
| LEAFHOUSE FINANCIAL ADVISORS | Investment Advisor | $12,543 | — | $12,543 |
| CHARLES SCHWAB TRUST BANK | Custodian / Trustee | — | $8,579 | $8,579 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,121
- Estimated Expense Ratio: 0.356% 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 | $94,540 | $40,403 | — | — | — |
| 2023 | $84,200 | $62,835 | — | — | — |
| 2022 | $30,908 | $20,390 | — | — | $10,518 |