Plan Snapshot
- Plan Sponsor: Beard Holding, INC. Dba Beard Equipment Company
- Sponsor EIN: 631224274
- Sponsor Address: 2480 E 1-65 SERVICE ROAD N, MOBILE, AL, 36617
- Plan Type: 401(k)
- Total Participants: 418
- Total Assets: $38.6M
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 | 418 | $38.6M | $1.1M | $2.0M |
| 2023 | 376 | $33.0M | $963,203 | $1.8M |
| 2022 | 306 | $26.0M | $787,898 | $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 |
|---|---|---|---|---|
| WILKINS MILLER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILKINS MILLER — 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 | $145,903 | $140,203 | — | — | — |
| 2023 | $110,324 | $103,826 | — | — | — |
| 2022 | $101,656 | — | $101,656 | — | — |