Plan Snapshot
- Plan Sponsor: Bci Solutions, INC.
- Sponsor EIN: 350194634
- Sponsor Address: 500 N. BALTIMORE STREET, BREMEN, IN, 46506
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $6.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 122 | $6.6M | $207,222 | $500,694 |
| 2023 | 156 | $6.6M | $236,243 | $561,605 |
| 2022 | 173 | $5.7M | $238,829 | $508,782 |
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 | $24,864 | — | $24,864 |
| MERRILL LYNCH RETIREMENT & BENEFIT | NONE | $18,683 | — | $18,683 |
| FGMK, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FGMK, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,547
- Estimated Expense Ratio: 0.657% 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 | $43,547 | $18,683 | $24,864 | — | — |
| 2023 | $52,689 | $16,068 | $36,621 | — | — |
| 2022 | $43,629 | $14,973 | $28,656 | — | — |