Plan Snapshot
- Plan Sponsor: Patrick Schaumburg Automobiles, INC.
- Sponsor EIN: 362067684
- Sponsor Address: 526 MALL DRIVE, SCHAUMBURG, IL, 60173
- Plan Type: 401(k)
- Total Participants: 309
- Total Assets: $38.0M
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 | 309 | $38.0M | $459,866 | $2.3M |
| 2023 | 297 | $33.1M | $463,717 | $2.2M |
| 2022 | 267 | $27.2M | $412,991 | $2.0M |
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 | $72,337 | — | $72,337 |
| AT INVESTMENT ADVISORS INC | INVESTMENT ADVISORY | $51,328 | — | $51,328 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | INVESTMENT ADVISORY | $40,653 | $4,347 | $45,000 |
| PENTEGRA SERVICES INC. | CONTRACT ADMINISTRATOR | $24,249 | $15,866 | $40,115 |
| PENTEGRA SERVICES INC. | CONTRACT ADMINISTRATOR | $10,133 | $1,154 | $11,287 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — INVESTMENT ADVISORY
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $220,067
- Estimated Expense Ratio: 0.579% 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 | $199,120 | — | $199,120 | — | — |
| 2023 | $185,364 | $44,916 | $140,448 | — | — |
| 2022 | $286,509 | $154,836 | $131,673 | — | — |