Plan Snapshot
- Plan Sponsor: Bearings & Drives Unlimited, INC.
- Sponsor EIN: 272245260
- Sponsor Address: 3443 BETHLEHEM PIKE, SOUDERTON, PA, 18964
- Plan Type: 401(k)
- Total Participants: 255
- Total Assets: $28.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 255 | $28.1M | $665,766 | $1.2M |
| 2023 | 257 | $27.7M | $628,029 | $1.2M |
| 2022 | 256 | $18.1M | $367,171 | $1.1M |
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 |
|---|---|---|---|---|
| BELFLINT, LYONS & SHUMAN, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BELFLINT, LYONS & SHUMAN, P.A. — 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 | $123,711 | — | $123,711 | — | — |
| 2023 | $73,345 | $30,788 | $42,557 | — | — |
| 2022 | $87,093 | $58,228 | $28,670 | — | $195 |