Plan Snapshot
- Plan Sponsor: Bearing Insurance Group, LLC
- Sponsor EIN: 541948974
- Sponsor Address: 4490 COX ROAD, GLEN ALLEN, VA, 23060
- Plan Type: 401(k)
- Total Participants: 256
- Total Assets: $39.8M
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 | 256 | $39.8M | $960,375 | $1.8M |
| 2023 | 256 | $36.6M | $1.0M | $1.8M |
| 2022 | 277 | $34.6M | $853,361 | $1.7M |
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 |
|---|---|---|---|---|
| KEITER | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $227,785 | $92,448 | $135,037 | — | — |
| 2023 | $212,538 | $84,267 | $127,321 | — | — |
| 2022 | $214,122 | — | — | — | — |