Plan Snapshot
- Plan Sponsor: Studio Mechanics Local 476
- Sponsor EIN: 474045210
- Sponsor Address: 6309 NORTH NORTHWEST HIGHWAY, CHICAGO, IL, 60631
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 1,217
- Total Assets: $569,562
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 | 1,217 | $569,562 | $900,187 | $0 |
| 2023 | 1,568 | $295,268 | $464,172 | $0 |
| 2022 | 1,800 | $496,632 | $952,937 | $0 |
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 |
|---|---|---|---|---|
| WAMPLER & ASSOCIATES, LLC | Other Service Provider | $21,950 | — | $21,950 |
| STUDIO MECHANICS LOCAL 476 | Other Service Provider | $15,348 | — | $15,348 |
| FGMK, LLC | Auditor | $9,226 | — | $9,226 |
| ILLINOIS ADVOCATES LLC | ERISA Attorney | $5,122 | — | $5,122 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FGMK, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,646
- Estimated Expense Ratio: 9.068% 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 | $53,666 | — | $15,348 | $9,226 | — |
| 2023 | $57,102 | — | $13,930 | — | — |
| 2022 | $39,913 | $1,022 | — | — | $25,953 |