Plan Snapshot
- Plan Sponsor: Beams, LLC
- Sponsor EIN: 844172492
- Sponsor Address: 280 50TH AVENUE SW, SUITE #1, CEDAR RAPIDS, IA, 52404
- Plan Type: 401(k)
- Total Participants: 757
- Total Assets: $27.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 757 | $27.7M | $1.2M | $2.1M |
| 2023 | 482 | $21.0M | $854,365 | $1.6M |
| 2022 | 399 | $17.2M | $769,734 | $1.4M |
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 |
|---|---|---|---|---|
| HONKAMP, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HONKAMP, P.C. — 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 | $108,100 | $93,307 | — | — | — |
| 2023 | $89,033 | $76,723 | — | — | — |
| 2022 | $79,904 | — | $79,019 | — | — |