Plan Snapshot
- Plan Sponsor: Star Financial Group, INC.
- Sponsor EIN: 351658268
- Sponsor Address: 215 W MAIN STREET, FORT WAYNE, IN, 46802
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 453
- Total Assets: $2.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 453 | $2.9M | $2.9M | $1.1M |
| 2023 | 646 | $3.5M | $2.9M | $993,999 |
| 2022 | 608 | $3.8M | $3.0M | $1.0M |
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 |
|---|---|---|---|---|
| UNIFIED GROUP SERVICES, INC. | Other Service Provider | $111,401 | — | $111,401 |
| BAEN, GAGE & SCHROEDER | Auditor | $13,500 | — | $13,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAEN, GAGE & SCHROEDER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $124,901
- Estimated Expense Ratio: 4.236% 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 | $201,008 | — | $187,508 | $13,500 | — |
| 2023 | $195,093 | — | $178,593 | $16,500 | — |
| 2022 | $188,756 | — | $172,256 | — | $16,500 |