Plan Snapshot
- Plan Sponsor: Bangers L P
- Sponsor EIN: 631077717
- Sponsor Address: 101 LONDON PARKWAY, BIRMINGHAM, AL, 35211
- Plan Type: 401(k)
- Total Participants: 89
- Total Assets: $9.0M
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 | 89 | $9.0M | $190,387 | $479,635 |
| 2023 | 104 | $8.1M | $208,216 | $582,242 |
| 2022 | 109 | $7.2M | $255,419 | $680,568 |
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MGMT | INVESTMENT ADVISORY | $25,012 | $2 | $25,014 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $5,638 | — | $5,638 |
| DENT MOSES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL WEALTH MGMT — INVESTMENT ADVISORY
- DENT MOSES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,652
- Estimated Expense Ratio: 0.341% 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 | $30,650 | $25,012 | $5,638 | — | — |
| 2023 | $27,656 | $22,648 | $5,008 | — | — |
| 2022 | $32,395 | $22,599 | $9,796 | — | — |