# Bankers Retirement Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/bankers-retirement-services-inc-401k-plan

> Bankers Retirement Services, INC.'s 401(k) plan: 742 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bankers Retirement Services, INC.

- **Sponsor EIN:** 853255425

- **Sponsor Address:** 830 W. LAKE LANSING ROAD, SUITE 250, EAST LANSING, MI, 48823

- **Plan Type:** 401(k)

- **Total Participants:** 742

- **Total Assets:** $63.8M

## 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|742|$63.8M|$1.8M|$4.1M|

| 2023|742|$54.5M|$1.5M|$3.7M|

| 2022|783|$46.5M|$1.6M|$2.4M|

## 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|

| EMPOWER ANNUUITY INSURANCE COMPANY|RECORDKEEPER|$96,856|—|$96,856|

| BANKERS RETIREMENT SERVICES, INC.|TRUSTEE|$32,524|—|$32,524|

| EMPOWER ADVISORY GROUP|INVESTMENT MANAGER|$5,329|—|$5,329|

| ANDREWS HOOPER PAVLIK PLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ANDREWS HOOPER PAVLIK PLC](https://planprovider.pro/provider/andrews-hooper-pavlik-plc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $134,709

- **Estimated Expense Ratio:** 0.211% 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|$139,600|—|$139,600|—|—|

| 2023|$135,117|—|$135,117|—|—|

| 2022|$79,575|—|$79,575|—|—|

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