Plan Snapshot
- Plan Sponsor: Proven Partners Manufacturing
- Sponsor EIN: 202145505
- Sponsor Address: 1111 BOWES ROAD, ELGIN, IL, 60123
- Plan Type: 401(k)
- Total Participants: 47
- Total Assets: $2.7M
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 | 47 | $2.7M | $180,422 | $332,765 |
| 2023 | 320 | $2.6M | $161,834 | $300,512 |
| 2022 | 273 | $2.0M | $165,157 | $303,609 |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INS CO | Recordkeeper | $21,387 | — | $21,387 |
| MERRILL LYNCH LIFE AGENCY, INC. | Investment Advisor | $8,346 | — | $8,346 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS CO — Recordkeeper
- MERRILL LYNCH LIFE AGENCY, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,733
- Estimated Expense Ratio: 1.113% 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 | $29,732 | $8,345 | — | — | — |
| 2023 | $23,938 | $6,243 | — | — | — |
| 2022 | $23,963 | $6,816 | — | — | — |