Plan Snapshot
- Plan Sponsor: Silkroad Technology, INC.
- Sponsor EIN: 810617112
- Sponsor Address: 311 W. MONROE ST., CHICAGO, IL, 60606
- Plan Type: 401(k)
- Total Participants: 93
- Total Assets: $17.4M
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 | 93 | $17.4M | $161,084 | $1.1M |
| 2023 | 100 | $17.8M | $224,516 | $1.4M |
| 2022 | 160 | $15.6M | $229,749 | $1.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $34,700 | — | $34,700 |
| LPL FINANCIAL LLC | ADVISOR | $26,466 | — | $26,466 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $11,273 | — | $11,273 |
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LPL FINANCIAL LLC — ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,439
- Estimated Expense Ratio: 0.415% 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 | $72,439 | $37,739 | — | — | — |
| 2023 | $70,744 | $34,063 | — | — | — |
| 2022 | $70,536 | $8,062 | — | — | — |