Plan Snapshot
- Plan Sponsor: Barge Design Solutions, INC.
- Sponsor EIN: 620525827
- Sponsor Address: 615 3RD AVENUE SOUTH, NASHVILLE, TN, 372102341
- Plan Type: 401(k)
- Total Participants: 614
- Total Assets: $142.0M
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 | 614 | $142.0M | $3.2M | $6.7M |
| 2023 | 539 | $120.5M | $2.8M | $5.7M |
| 2022 | 450 | $95.2M | $2.2M | $4.7M |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT, LLP | Auditor | $20,475 | — | $20,475 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,475
- Estimated Expense Ratio: 0.014% 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 | $323,986 | $34,500 | $269,011 | $20,475 | — |
| 2023 | $243,439 | $63,990 | $179,449 | — | — |
| 2022 | $210,113 | $57,500 | $138,613 | — | $14,000 |