Plan Snapshot
- Plan Sponsor: Bai INC
- Sponsor EIN: 541926750
- Sponsor Address: 5845 RICHMOND HWY., SUITE 700, ALEXANDRIA, VA, 22303
- Plan Type: 401(k)
- Total Participants: 45
- Total Assets: $25.5M
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. |
|---|---|---|---|---|
| 2024 | 45 | $25.5M | $633,077 | $334,449 |
| 2023 | 50 | $26.1M | $320,385 | $545,075 |
| 2022 | 68 | $22.8M | $0 | $540,921 |
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 |
|---|---|---|---|---|
| T. ROWE PRICE TRUST COMPANY | Other Service Provider | $21,965 | — | $21,965 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,965
- Estimated Expense Ratio: 0.086% 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 | $21,965 | — | — | — | — |
| 2023 | $20,165 | — | — | — | — |
| 2022 | $6,780 | — | — | — | — |