Plan Snapshot
- Plan Sponsor: Beaton, INC.
- Sponsor EIN: 421221534
- Sponsor Address: 5805 COUNCIL ST. NE, CEDAR RAPIDS, IA, 52402
- Plan Type: 401(k)
- Total Participants: 226
- Total Assets: $3.8M
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 | 226 | $3.8M | $31,366 | $236,159 |
| 2023 | 201 | $3.3M | $46,155 | $207,903 |
| 2022 | 228 | $2.8M | $37,444 | $195,038 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FIN. SERVICES ADVISOR | Investment Advisor | $17,470 | — | $17,470 |
| ADMIN. GROUP, LLC DBA TAG RESOURCES | Recordkeeper | $13,788 | — | $13,788 |
| TRANSAMERICA FIN. LIFE INSURANCE CO | Recordkeeper | $5,150 | — | $5,150 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FIN. SERVICES ADVISOR — Investment Advisor
- ADMIN. GROUP, LLC DBA TAG RESOURCES — Recordkeeper
- TRANSAMERICA FIN. LIFE INSURANCE CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,408
- Estimated Expense Ratio: 0.968% of plan assets
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 | $36,408 | $17,470 | $13,788 | — | — |
| 2023 | $10,653 | $3,687 | $4,063 | — | — |
| 2022 | $1,490 | — | $1,490 | — | — |