Plan Snapshot
- Plan Sponsor: The Salem Group1
- Sponsor EIN: 800074897
- Sponsor Address: TWO TRANS AM PLAZA DRIVE SUITE 170, OAKBROOK TERRACE, IL, 60181
- Plan Type: 401(k)
- Total Participants: 476
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 476 | $4.8M | $3,101 | $303,455 |
| 2023 | 191 | $4.1M | $7,772 | $424,196 |
| 2022 | 465 | $3.0M | $0 | $324,252 |
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 |
|---|---|---|---|---|
| WSDD CPAS, LTD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WSDD CPAS, LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $283,689 | — | $11,023 | — | — |
| 2023 | $124,548 | — | $9,130 | — | — |
| 2022 | $3,182 | — | — | — | — |