Plan Snapshot
- Plan Sponsor: Proven Business Systems, LLC
- Sponsor EIN: 320064316
- Sponsor Address: 18450 CROSSING DRIVE, TINLEY PARK, IL, 604879279
- Plan Type: 401(k)
- Total Participants: 286
- Total Assets: $16.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 286 | $16.1M | $730,494 | $1.6M |
| 2023 | 264 | $13.0M | $604,177 | $1.5M |
| 2022 | 264 | $9.6M | $499,494 | $1.2M |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $81,343 | — | $81,343 | — | — |
| 2023 | $63,352 | — | $63,352 | — | — |
| 2022 | $66,618 | — | $66,618 | — | — |