Plan Snapshot
- Plan Sponsor: Redwood Logistics, LLC
- Sponsor EIN: 452756611
- Sponsor Address: 1765 N ELSTON AVE STE 301, CHICAGO, IL, 606421501
- Plan Type: 401(k)
- Total Participants: 695
- Total Assets: $44.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 695 | $44.7M | $468,701 | $4.7M |
| 2023 | 763 | $38.0M | $470,642 | $4.9M |
| 2022 | 833 | $28.5M | $447,130 | $4.7M |
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 | $166,663 | — | $166,663 |
| J.P. MORGAN SECURITIES LLC | INVESTMENT ADVISORY | — | $78,114 | $78,114 |
| MILLER COOPER & CO., LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- J.P. MORGAN SECURITIES LLC — INVESTMENT ADVISORY
- MILLER COOPER & CO., LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $244,777
- Estimated Expense Ratio: 0.548% 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 | $166,664 | — | $166,664 | — | — |
| 2023 | $135,076 | — | $135,076 | — | — |
| 2022 | $117,967 | — | $117,967 | — | — |