Plan Snapshot
- Plan Sponsor: Omron Management Center Of America, INC.
- Sponsor EIN: 521620292
- Sponsor Address: 2895 GREENSPOINT PARKWAY, HOFFMAN ESTATES, IL, 60169
- Plan Type: 401(k)
- Total Participants: 917
- Total Assets: $293.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 917 | $293.1M | $4.8M | $13.1M |
| 2023 | 1,114 | $270.4M | $10.7M | $14.3M |
| 2022 | 1,117 | $230.4M | $8.4M | $12.7M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $143,789 | — | $143,789 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $94,235 | — | $94,235 |
| FORVIS MAZARS LLP | ACCOUNTANT/AUDITOR | $29,120 | — | $29,120 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- FORVIS MAZARS LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $267,144
- Estimated Expense Ratio: 0.091% 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 | $267,144 | $143,789 | $300 | $29,120 | — |
| 2023 | $224,035 | $124,582 | $300 | — | — |
| 2022 | $218,140 | $119,350 | — | — | — |