Plan Snapshot
- Plan Sponsor: Bachmann Industries, INC
- Sponsor EIN: 232181250
- Sponsor Address: 1400 EAST ERIE AVENUE, PHILADELPHIA, PA, 19124
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 31
- Total Assets: $153,933
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 31 | $153,933 | $0 | $0 |
| 2024 | 32 | $229,223 | $710,020 | $2,448 |
| 2023 | 28 | $164,845 | $492,799 | $353 |
| 2022 | 29 | $186,789 | $554,904 | $311 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $50,003 | — | $50,003 |
| CBIZ BENEFITS & INS. SERVICES | Investment Advisor | $22,406 | — | $22,406 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $21,236 | — | $21,236 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,645
- Estimated Expense Ratio: 60.835% 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 | $943,705 | — | — | — | — |
| 2024 | $658,662 | — | — | — | — |
| 2023 | $672,631 | — | — | — | — |
| 2022 | $523,593 | — | — | — | — |