Plan Snapshot
- Plan Sponsor: Saporito Finishing Company
- Sponsor EIN: 362337562
- Sponsor Address: 3119 S AUSTIN AVE, CICERO, IL, 608043730
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $9.3M
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 | 116 | $9.3M | $97,024 | $629,051 |
| 2023 | 133 | $8.1M | $90,322 | $589,277 |
| 2022 | 120 | $7.0M | $92,354 | $549,061 |
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 | Recordkeeper | $59,617 | — | $59,617 |
| LPL FINANCIAL LLC - RPCP | Investment Advisor | — | $32,735 | $32,735 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,352
- Estimated Expense Ratio: 0.997% 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 | $59,618 | — | $59,618 | — | — |
| 2023 | $59,132 | — | $59,132 | — | — |
| 2022 | $58,887 | — | $58,887 | — | — |