Plan Snapshot
- Plan Sponsor: Beacon Residential Management Limited Partnership
- Sponsor EIN: 043017184
- Sponsor Address: TWO CENTER PLAZA SUITE 700, BOSTON, MA, 02108
- Plan Type: 401(k)
- Total Participants: 763
- Total Assets: $69.8M
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 | 763 | $69.8M | $1.6M | $4.8M |
| 2023 | 793 | $62.5M | $1.6M | $4.6M |
| 2022 | 692 | $52.3M | $1.4M | $4.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $112,750 | — | $112,750 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $80,797 | — | $80,797 |
| COHNREZNICK LLP | AUDITOR | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $203,547
- Estimated Expense Ratio: 0.292% 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 | $203,547 | $80,797 | — | $10,000 | — |
| 2023 | $183,061 | $69,988 | — | $7,050 | — |
| 2022 | $137,437 | $101,248 | $36,189 | — | — |