Plan Snapshot
- Plan Sponsor: Becker Morgan Group, INC.
- Sponsor EIN: 521348971
- Sponsor Address: 312 WEST MAIN STREET SUITE 300, SALISBURY, MD, 21801
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $26.8M
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 | 125 | $26.8M | $289,628 | $866,754 |
| 2023 | 115 | $22.6M | $295,257 | $876,117 |
| 2022 | 109 | $18.4M | $266,264 | $772,222 |
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 |
|---|---|---|---|---|
| PKS & COMPANY, P.A. | 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 | $66,570 | $41,968 | — | — | — |
| 2023 | $59,510 | $33,705 | $400 | — | — |
| 2022 | $51,848 | — | $51,848 | — | — |