Plan Snapshot
- Plan Sponsor: Patrick Engineering, INC.
- Sponsor EIN: 363008281
- Sponsor Address: 2150 WESTER COURT, LISLE, IL, 60532
- Plan Type: 401(k)
- Total Participants: 289
- Total Assets: $40.8M
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 | 289 | $40.8M | $569,234 | $2.7M |
| 2023 | 320 | $38.3M | $625,874 | $2.9M |
| 2022 | 336 | $34.5M | $645,199 | $2.9M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS | Other Service Provider | $85,229 | — | $85,229 |
| UBS FINANCIAL SERVICES | Recordkeeper | — | $45,833 | $45,833 |
| ASCENSUS C/O FUTUREPLAN | Recordkeeper | — | $19,485 | $19,485 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,547
- Estimated Expense Ratio: 0.369% 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 | $116,810 | — | $116,810 | — | — |
| 2023 | $91,957 | — | $91,957 | — | — |
| 2022 | $87,791 | — | — | — | — |