# Sherman'S Place, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sherman-s-place-inc-401k-plan

> Sherman'S Place, INC.'s 401(k) plan: 111 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [SIKICH CPA LLP](https://planprovider.pro/provider/sikich-cpa-llc) — 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|

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