Plan Ledger DOL Form 5500 · updated monthly

Fusion Risk Management, Inc401(k)

FUSION RISK MANAGEMENT, INC. 401(K) PLAN & TRUST · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.48%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Fusion Risk Management, Inc reported $101,328 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,710 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.36% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,527th-largest of 3,702 plans among Illinois employers on file, and the 4,900th of 11,654 in professional & technical services. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,993,947
Participants with balances296
Active participants226
Employer contributions$1,290,474
Employee contributions$2,645,505
Employer contribution per active participant$5,710
Average account balance$81,061
Benefits paid to participants$1,649,693
Plan auditUnmodified (clean) audit opinion
AuditorFGMK
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 296 accts · $1.3M emplr
2023$18.6M · 288 accts · $1.2M emplr
2022$13.4M · 280 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,876
Investment management$50,588
Audit (IQPA)$6,864
Total administrative$101,328
The Fusion Risk Management, Inc 401(k) match · 2024
Employer contribution per active participant$5,710
Median for plans this size$2,416
2024$5,710 per active participant
2023$5,242 per active participant
2022$4,844 per active participant

Fusion Risk Management, Inc's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$32,765
EMPOWER ADVISORY GROUP, LLC · Investment management$17,823
FGMK, LLC · Accounting / audit$6,864

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$101,328 · 0.48%
2023$44,172 · 0.28%
2022$47,007 · 0.36%
Same employer
Similar plansProfessional & Technical Services · Illinois
Shaker Advertising Agency IL$24.7M · 0.50%
Majorkey Technologies LLC IL$24.4M · 0.23%
Cutters, Inc. IL$23.7M · 0.09%
Kopka, Pinkus & Dolin, PC IL$23.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204772630 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.