Plan Snapshot
- Plan Sponsor: Beacon Specialized Living Services, INC.
- Sponsor EIN: 383411707
- Sponsor Address: 890 N. 10TH STREET, SUITE 110, KALAMAZOO, MI, 49009
- Plan Type: 401(k)
- Total Participants: 2,611
- Total Assets: $15.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 2,611 | $15.7M | $1.3M | $2.3M |
| 2023 | 1,606 | $11.8M | $895,873 | $1.5M |
| 2022 | 1,959 | $7.6M | $794,746 | $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 |
|---|---|---|---|---|
| LBMC, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $194,257 | — | $194,257 | — | — |
| 2023 | $144,817 | — | $144,817 | — | — |
| 2022 | $117,026 | — | — | — | $117,026 |