# Network Innovations, INC. Dba Nitel Usa 401(k) Plan
Source: https://planprovider.pro/companies/network-innovations-inc-dba-nitel-usa-401k-plan

> Network Innovations, INC. Dba Nitel Usa's 401(k) plan: 205 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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)

- **Total Participants:** 205

- **Total Assets:** $17.6M

## 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.|

| 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|CONTRACT ADMINISTRATOR|$72,137|—|$72,137|

| GALLAGHER FIDUCIARY ADVISORS, LLC|INVESTMENT ADVISORY|$4,852|$31,866|$36,718|

| UHY|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GALLAGHER FIDUCIARY ADVISORS, LLC](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — INVESTMENT ADVISORY

- [UHY](https://planprovider.pro/provider/uhy-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $108,855

- **Estimated Expense Ratio:** 0.618% 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|

| 2024|$76,989|$4,852|$72,137|—|—|

| 2023|$68,296|—|$68,296|—|—|

| 2022|$59,085|—|$59,085|—|—|

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