Plan Snapshot
- Plan Sponsor: Network Innovations, INC. Dba Nitel Usa
- Sponsor EIN: 364481206
- Sponsor Address: 350 N ORLEANS ST #1300N, CHICAGO, IL, 606541975
- Plan Type: 401(k)
- Plan Number: 002
- 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: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 205 | $17.6M | $679,325 | $1.9M |
| 2023 | 198 | $14.4M | $604,648 | $1.8M |
| 2022 | 184 | $9.4M | $184,646 | $1.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $72,137 | — | $72,137 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | Investment Advisor | $4,852 | $31,866 | $36,718 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,855
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 | $19,470,601 | $28,703 | $34,201 | — | — |
| 2024 | $76,989 | $4,852 | $72,137 | — | — |
| 2023 | $68,296 | — | $68,296 | — | — |
| 2022 | $59,085 | — | $59,085 | — | — |