Plan Snapshot
- Plan Sponsor: Ignite Team Partners, LLC
- Sponsor EIN: 823928071
- Sponsor Address: 1550 NORTH NORTHWEST HWY., PARK RIDGE, IL, 60068
- Plan Type: 401(k)
- Total Participants: 2,834
- Total Assets: $13.1M
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 | 2,834 | $13.1M | $359,687 | $3.9M |
| 2023 | 1,750 | $6.5M | $227,908 | $2.6M |
| 2022 | 890 | $2.2M | $57,472 | $666,398 |
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 |
|---|---|---|---|---|
| CASSELL PLAN AUDITS, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $80,118 | $4,785 | $68,983 | — | — |
| 2023 | $57,684 | $31,042 | $4,425 | — | — |
| 2022 | $21,837 | $13,082 | $1,195 | — | $7,560 |