Plan Snapshot
- Plan Sponsor: Ventra Ionia LLC
- Sponsor EIN: 270385504
- Sponsor Address: 502 ANTHONY DRIVE, URBANA, IL, 61802
- Plan Type: 401(k)
- Total Participants: 981
- Total Assets: $28.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 981 | $28.2M | $1.1M | $1.3M |
| 2023 | 953 | $24.3M | $936,421 | $1.4M |
| 2022 | 915 | $21.6M | $798,286 | $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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $35,225 | — | $35,225 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | ADVISOR | $19,541 | — | $19,541 |
| NEWPORT TRUST COMPANY | TRUSTEE | $7,771 | — | $7,771 |
| CLIFTONLARSONALLEN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,537
- Estimated Expense Ratio: 0.222% 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 | $62,537 | $19,541 | $23,313 | — | — |
| 2023 | $58,077 | $19,453 | $19,899 | — | — |
| 2022 | $66,728 | $9,359 | $54,353 | — | $3,016 |