Plan Snapshot
- Plan Sponsor: Beacon Manufacturing Group, LLC
- Sponsor EIN: 844868178
- Sponsor Address: 105 DONOVAN DRIVE, ALEXANDRIA, MN, 56308
- Plan Type: 401(k)
- Total Participants: 319
- Total Assets: $19.6M
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 | 319 | $19.6M | $643,284 | $1.4M |
| 2023 | 331 | $16.7M | $638,370 | $1.4M |
| 2022 | 344 | $15.1M | $731,270 | $1.3M |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES, INC. | INVESTMENT/FINANCIAL ADVI | $24,668 | — | $24,668 |
| ADP, INC. | RECORD KEEPER | $13,492 | — | $13,492 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH EQUITY SERVICES, INC. — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,160
- Estimated Expense Ratio: 0.195% 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 | $38,160 | $24,668 | — | — | — |
| 2023 | $32,584 | $21,759 | — | — | — |
| 2022 | $33,864 | — | — | — | — |