Plan Snapshot
- Plan Sponsor: Orthomidwest, PLLC
- Sponsor EIN: 362691111
- Sponsor Address: 324 ROXBURY ROAD, ROCKFORD, IL, 61107
- Plan Type: 401(k)
- Total Participants: 1,773
- Total Assets: $190.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,773 | $190.4M | $9.2M | $8.5M |
| 2023 | 1,611 | $164.3M | $8.2M | $7.3M |
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 | $26,648 | — | $26,648 |
| NEXT CAPITAL MANAGEMENT LLC | INV ADV, PARTICIPANTS | $12,681 | — | $12,681 |
| 25 LLC | INV ADV, PARTICIPANTS | $6,973 | — | $6,973 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,302
- Estimated Expense Ratio: 0.024% 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 | $47,078 | $20,429 | $26,649 | — | — |
| 2023 | $85,960 | $38,944 | $47,016 | — | — |