Plan Snapshot
- Plan Sponsor: B & D Industries, INC.
- Sponsor EIN: 850196391
- Sponsor Address: 9720 BELL AVENUE SE, ALBUQUERQUE, NM, 87123
- Plan Type: 401(k)
- Total Participants: 161
- Total Assets: $15.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 161 | $15.7M | $871,412 | $424,331 |
| 2023 | 157 | $13.6M | $712,151 | $394,277 |
| 2022 | 138 | $11.3M | $963,666 | $342,285 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $31,030 | — | $31,030 |
| LPL FINANCIAL LLC | Investment Advisor | — | $23,950 | $23,950 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $13,477 | — | $13,477 |
| PENSION PLANNING CONSULTANTS, INC. | Other Service Provider | $3,275 | $10,000 | $13,275 |
| 3 38 INVESTMENT FIDUCIARIES INC | Investment Advisor | $5,680 | — | $5,680 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,412
- Estimated Expense Ratio: 0.557% 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 | $52,087 | — | $48,442 | — | — |
| 2023 | $24,926 | — | $22,846 | — | — |
| 2022 | $24,471 | — | $22,971 | — | $1,500 |