Plan Snapshot
- Plan Sponsor: Baebies, INC.
- Sponsor EIN: 423482298
- Sponsor Address: PO BOX 14403, DURHAM, NC, 27709
- Plan Type: 401(k)
- Total Participants: 80
- Total Assets: $7.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 80 | $7.0M | $1,810 | $669,672 |
| 2023 | 120 | $6.5M | $211,719 | $1.0M |
| 2022 | 100 | $4.6M | $252,751 | $917,764 |
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 |
|---|---|---|---|---|
| MVP PLAN ADMINISTRATORS, INC. | RECORDKEEPER | $6,752 | — | $6,752 |
| GORDON ASSET MANAGEMENT | INVESTMENT ADVISOR | $5,207 | — | $5,207 |
| ROMEO, WIGGINS & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GORDON ASSET MANAGEMENT — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,959
- Estimated Expense Ratio: 0.170% 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 | $11,959 | $5,207 | — | — | — |
| 2023 | $2,630 | — | $2,629 | — | — |
| 2022 | $8,230 | $4,220 | $4,010 | — | — |