Plan Snapshot
- Plan Sponsor: Studio Mechanics Local 476 Health And Welfare Fund
- Sponsor EIN: 366602783
- Sponsor Address: 6309 NORTH NORTHWEST HIGHWAY, CHICAGO, IL, 60631
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 727
- Total Assets: $14.0M
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 | 727 | $14.0M | $17.8M | $1.8M |
| 2023 | 617 | $7.9M | $7.8M | $2.6M |
| 2022 | 1,086 | $8.9M | $14.6M | $1.1M |
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 |
|---|---|---|---|---|
| GROUP ADMINISTRATORS, LTD | Other Service Provider | $188,828 | — | $188,828 |
| STUDIO MECHANICS LOCAL 476 | Other Service Provider | $138,329 | — | $138,329 |
| THE HORTON GROUP | Insurance Carrier | $60,000 | — | $60,000 |
| WAMPLER & ASSOCIATES, LLC | Other Service Provider | $54,014 | — | $54,014 |
| JACOB BURNS, ORLOVE & HERNANDEZ | Other Service Provider | $47,642 | — | $47,642 |
| BUCK GLOBAL, LLC | Auditor | $47,500 | — | $47,500 |
| COMERICA BANK | Custodian / Trustee | $20,975 | — | $20,975 |
| FGMK, LLC | Auditor | $20,175 | — | $20,175 |
| BMI AUDIT SERVICES | Auditor | $19,000 | — | $19,000 |
| TED WINDSOR & ASSOCIATES | Actuary | $11,875 | — | $11,875 |
| STRATEGIC CAPITAL INVESTMENT ADVISO | Investment Advisor | $8,300 | — | $8,300 |
| INTERACTIVE HEALTH BENEFITS | Other Service Provider | $5,746 | — | $5,746 |
| ALLIANT INSURANCE SERVICES, INC | Insurance Carrier | $5,541 | — | $5,541 |
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: $627,925
- Estimated Expense Ratio: 4.476% 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 | $760,804 | $8,300 | $473,236 | $20,175 | — |
| 2023 | $977,203 | $11,624 | $685,499 | $17,679 | — |
| 2022 | $861,328 | $17,642 | $509,635 | — | $157,133 |