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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM, LLC | Auditor | — | — | $0 |
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 | $52,087 | — | $48,442 | — | — |
| 2023 | $24,926 | — | $22,846 | — | — |
| 2022 | $24,471 | — | $22,971 | — | $1,500 |