Plan Snapshot
- Plan Sponsor: B3h Corporation
- Sponsor EIN: 593038876
- Sponsor Address: 11 RACETRACK RD. NE UNIT H-3, FORT WALTON BEACH, FL, 32547
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 164
- Total Assets: $11.4M
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. |
|---|---|---|---|---|
| 2025 | 164 | $11.4M | $0 | $0 |
| 2024 | 95 | $10.7M | $260,716 | $522,767 |
| 2023 | 168 | $10.0M | $267,147 | $537,650 |
| 2022 | 130 | $8.9M | $266,322 | $536,421 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $51,978 | — | $51,978 |
| S B H U LIFE AGENCY INC | Other Service Provider | — | $11,503 | $11,503 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,481
- Estimated Expense Ratio: 0.556% 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 |
|---|---|---|---|---|---|
| 2025 | $1,708,381 | — | $51,979 | — | — |
| 2024 | $49,481 | — | $49,481 | — | — |
| 2023 | $43,921 | — | $43,921 | — | — |
| 2022 | $22,221 | — | $22,221 | — | — |