Plan Snapshot
- Plan Sponsor: Bearing Technologies, Ltd
- Sponsor EIN: 341851026
- Sponsor Address: 1141 JAYCOX ROAD, AVON, OH, 44011
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $17.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 150 | $17.7M | $798,780 | $460,925 |
| 2023 | 126 | $15.3M | $667,856 | $466,663 |
| 2022 | 116 | $13.3M | $545,804 | $432,229 |
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 |
|---|---|---|---|---|
| HOBE AND LUCAS CPAS | Auditor | — | — | $0 |
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 | $16,952 | — | $16,952 | — | — |
| 2023 | $14,276 | — | $14,276 | — | — |
| 2022 | $9,299 | — | $9,299 | — | — |