Plan Snapshot
- Plan Sponsor: Inland Bancorp,INC.
- Sponsor EIN: 364396104
- Sponsor Address: 2901 BUTTERFIELD ROAD, OAK BROOK, IL, 60523
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 0 | $0 | $250,581 | $645,235 |
| 2022 | 166 | $22.9M | $485,861 | $1.9M |
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 |
|---|---|---|---|---|
| MESIROW FINANCIAL INVESTMENT MANAGE | NONE | $40,989 | — | $40,989 |
| FORVIS MAZARS LLP | Auditor | $28,956 | — | $28,956 |
| FORVIS LLP | NONE | $14,310 | — | $14,310 |
| MESIROW FINANCIAL INC | NONE | $6,800 | — | $6,800 |
| EMPOWER ANNUITY INS. CO. OF AMERICA | NONE | $6,474 | — | $6,474 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,529
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 |
|---|---|---|---|---|---|
| 2023 | $54,458 | $17,860 | — | $28,956 | — |
| 2022 | $68,573 | $6,800 | $47,463 | — | $14,310 |