Plan Snapshot
- Plan Sponsor: Medspeed, LLC
- Sponsor EIN: 364279497
- Sponsor Address: 140 INDUSTRIAL DRIVE, ELMHURST, IL, 60126
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,268
- Total Assets: $14.0M
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. |
|---|---|---|---|---|
| 2025 | 3,268 | $14.0M | $0 | $0 |
| 2024 | 2,945 | $12.1M | $223,992 | $1.7M |
| 2023 | 2,912 | $10.0M | $187,695 | $1.5M |
| 2022 | 3,019 | $8.1M | $167,452 | $1.2M |
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 |
|---|---|---|---|---|
| WEALTHSPIRE RETIREMENT ADVISORY | Other Service Provider | $84,189 | — | $84,189 |
| EMPOWER ANNUITY INSURANCE CO | Other Service Provider | $53,979 | — | $53,979 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,168
- Estimated Expense Ratio: 0.986% 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 |
|---|---|---|---|---|---|
| 2025 | $2,176,251 | $35,000 | — | — | — |
| 2024 | $101,599 | $35,000 | — | — | — |
| 2023 | $108,235 | $67,109 | $1,750 | — | — |
| 2022 | $71,775 | $19,507 | $52,268 | — | — |