Plan Snapshot
- Plan Sponsor: Riverbend Industries INC.
- Sponsor EIN: 362274391
- Sponsor Address: 425 SO. FINANCIAL PLACE, SUITE 3100, CHICAGO, IL, 60605
- Plan Type: 401(k)
- Total Participants: 463
- Total Assets: $44.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 463 | $44.8M | $1.7M | $3.0M |
| 2023 | 469 | $42.2M | $1.7M | $2.7M |
| 2022 | 487 | $41.1M | $1.7M | $2.6M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SERVIC | RETAINED BY EMPLOYER | $145,517 | — | $145,517 |
| WELLTH ADVISORY SERVICES LLC | RETAINED BY EMPLOYER | $19,986 | — | $19,986 |
| GLOBAL RETIREMENT PARTNERS, LLC | RETAINED BY EMPLOYER | $19,119 | — | $19,119 |
| FORVIS MAZARS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SERVIC — RETAINED BY EMPLOYER
- GLOBAL RETIREMENT PARTNERS, LLC — RETAINED BY EMPLOYER
- FORVIS MAZARS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $184,622
- Estimated Expense Ratio: 0.412% 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 | $184,621 | $96,758 | $87,863 | — | — |
| 2023 | $155,115 | $46,268 | $85,742 | $23,105 | — |
| 2022 | $127,618 | $45,095 | $82,523 | — | — |