Plan Snapshot
- Plan Sponsor: Scott Byron & Co., INC.
- Sponsor EIN: 363217398
- Sponsor Address: 30088 N. SKOKIE HIGHWAY, LAKE BLUFF, IL, 60044
- Plan Type: 401(k)
- Total Participants: 85
- Total Assets: $12.6M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 85 | $12.6M | $87,397 | $403,409 |
| 2023 | 179 | $11.1M | $0 | $292,388 |
| 2022 | 252 | $9.4M | $0 | $241,699 |
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 |
|---|---|---|---|---|
| SMITH & HOWARD, PC | Auditor | $10,500 | — | $10,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,500
- Estimated Expense Ratio: 0.083% 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 | $61,963 | $20,887 | $30,576 | $10,500 | — |
| 2023 | $60,279 | $30,835 | $29,444 | — | — |
| 2022 | $59,811 | $25,010 | $30,801 | — | $4,000 |