Plan Snapshot
- Plan Sponsor: Beam Associates, LLC
- Sponsor EIN: 463047184
- Sponsor Address: 301 COMMERCE BLVD, P.O. BOX 1128, OLDSMAR, FL, 34677
- Plan Type: 401(k)
- Total Participants: 314
- Total Assets: $7.6M
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 | 314 | $7.6M | $335,211 | $910,974 |
| 2023 | 249 | $6.4M | $286,510 | $805,246 |
| 2022 | 265 | $5.0M | $288,052 | $841,839 |
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 |
|---|---|---|---|---|
| VALLEY FORGE INVESTMENT CONSULTANT | SERVICE PROVIDER | — | $34,886 | $34,886 |
| HACKER, JOHNSON & SMITH PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HACKER, JOHNSON & SMITH PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,886
- Estimated Expense Ratio: 0.460% 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 | $31,540 | — | $18,540 | — | — |
| 2023 | $10,820 | — | $8,730 | — | — |
| 2022 | $15,770 | — | — | — | $15,770 |