Plan Snapshot
- Plan Sponsor: Mar Chi Dba Honda Of Downtown Chicago
- Sponsor EIN: 823153617
- Sponsor Address: 1111 N. CLARK ST., CHICAGO, IL, 60610
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 148
- Total Assets: $2.9M
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. |
|---|---|---|---|---|
| 2023 | 148 | $2.9M | $24,257 | $343,066 |
| 2022 | 97 | $2.8M | $25,831 | $398,623 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS, LLC | Investment Advisor | $16,503 | — | $16,503 |
| NATIONWIDE | Recordkeeper | $10,316 | $293 | $10,609 |
| MY BENEFITS, LLC | Recordkeeper | $6,818 | — | $6,818 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS, LLC — Investment Advisor
- NATIONWIDE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,930
- Estimated Expense Ratio: 1.153% 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 |
|---|---|---|---|---|---|
| 2023 | $33,636 | $16,503 | $6,818 | — | — |
| 2022 | $47,256 | — | — | — | $47,256 |