Plan Snapshot
- Plan Sponsor: Payroll & Insurance Group INC
- Sponsor EIN: 010606601
- Sponsor Address: 555 SKOKIE BOULEVARD SUITE 555, NORTHBROOK, IL, 60062
- Plan Type: DC
- Total Participants: 925
- Total Assets: $159.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 925 | $159.2M | $6.2M | $8.6M |
| 2023 | 1,200 | $132.2M | $5.8M | $7.8M |
| 2022 | 1,164 | $109.7M | $5.3M | $7.1M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | INVESTMENT ADVISOR | $100,000 | — | $100,000 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $14,522 | — | $14,522 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — INVESTMENT ADVISOR
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,522
- Estimated Expense Ratio: 0.072% 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 | $1,632 | — | — | — | — |
| 2023 | $192,205 | $100,000 | $91,530 | — | — |
| 2022 | $91,772 | $47,606 | $42,516 | — | $900 |