Plan Snapshot
- Plan Sponsor: Bayview Asset Management LLC
- Sponsor EIN: 262961971
- Sponsor Address: 4425 PONCE DE LEON BOULEVARD, CORAL GABLES, FL, 33146
- Plan Type: 401(k)
- Total Participants: 1,638
- Total Assets: $230.0M
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 | 1,638 | $230.0M | $5.0M | $14.6M |
| 2023 | 1,373 | $190.6M | $3.7M | $13.1M |
| 2022 | 1,426 | $163.6M | $5.8M | $17.0M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $169,035 | — | $169,035 |
| MERRILL LYNCH RETIREMENT & BENEFIT | NONE | $63,577 | — | $63,577 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $232,612
- Estimated Expense Ratio: 0.101% 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 | $232,613 | $63,577 | $169,036 | — | — |
| 2023 | $254,346 | $63,736 | $190,610 | — | — |
| 2022 | $360,169 | $55,876 | $304,293 | — | — |