# Bearing Technologies, Ltd 401(k) Plan
Source: https://planprovider.pro/companies/bearing-technologies-ltd-401k-plan

> Bearing Technologies, Ltd's 401(k) plan: 150 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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