Plan Snapshot
- Plan Sponsor: Sherman'S Place, INC.
- Sponsor EIN: 371036925
- Sponsor Address: 1215 W. GLEN AVENUE, PEORIA, IL, 61614
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $6.0M
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 | 111 | $6.0M | $178,606 | $329,998 |
| 2023 | 108 | $5.2M | $183,190 | $324,667 |
| 2022 | 100 | $4.5M | $201,414 | $345,023 |
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 |
|---|---|---|---|---|
| BAM ADVISOR SERVICES | NONE | $36,306 | — | $36,306 |
| ALERUS FINANCIAL, N.A. | NONE | $15,672 | — | $15,672 |
| SIKICH CPA LLP | NONE | $15,200 | — | $15,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- SIKICH CPA LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,178
- Estimated Expense Ratio: 1.115% 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 | $67,178 | — | — | — | — |
| 2023 | $61,385 | $32,014 | — | — | — |
| 2022 | $57,032 | $31,171 | — | — | $12,750 |