Plan Snapshot
- Plan Sponsor: Beam Technologies INC.
- Sponsor EIN: 371764683
- Sponsor Address: 80 E RICH STREET, COLUMBUS, OH, 43215
- Plan Type: 401(k)
- Total Participants: 233
- Total Assets: $16.9M
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 | 233 | $16.9M | $787,934 | $1.9M |
| 2023 | 329 | $15.6M | $1.4M | $2.7M |
| 2022 | 400 | $11.8M | $1.6M | $2.8M |
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 |
|---|---|---|---|---|
| GUIDELINE, INC. | Recordkeeper | $18,916 | — | $18,916 |
| BENEFIT TRUST COMPANY | Custodian / Trustee | — | $12,223 | $12,223 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GUIDELINE, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,139
- Estimated Expense Ratio: 0.185% 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 | $25,735 | $12,439 | — | — | — |
| 2023 | $17,027 | $10,475 | — | — | — |
| 2022 | $9,181 | $9,079 | $102 | — | — |